$BTC Bitcoin Price Prediction: Has the Midterm Rally Begun?
As the crypto market heads into the weekend, traders and investors alike are keeping a close eye on Bitcoin (BTC) to spot the next big move. With green candles lighting up most charts, the big question is: Is Bitcoin gearing up for a midterm surge?
BTC Price Update – April 13
According to the latest data from CoinMarketCap, Bitcoin has seen a modest increase of 1.44% in the past 24 hours, showing some short-term strength.
BTC/USDT Overview
Currently trading at $84,496, Bitcoin is holding its ground. But what's next?
On the hourly chart, despite today's uptick, BTC is showing signs of bearish pressure. If the local support breaks, the stored momentum could potentially push the price back toward the $84,000 mark.
On the daily and weekly charts, key levels remain distant. For bulls to regain control, BTC needs to break and stay above the resistance at $88,772.
What to Watch for Next
If Bitcoin manages to close the weekly candle near $88,000—and importantly, without a long upper wick—it could signal a strong bullish continuation, with potential targets in the $90,000–$92,000 range.
Midterm Outlook: Bullish or Bearish?
While short-term moves can be noisy, the midterm picture is forming. A decisive close above resistance levels would indicate a renewed upward trend—something many traders are betting on as institutional interest continues to grow.
Final Thoughts
As we head into the weekend, all eyes are on BTC’s weekly close. Will the bulls take charge, or is this just a temporary push?
Let us know what you think in the comments!
Are we on the verge of a breakout?
Or is this just another bull trap?
Stay tuned, stay sharp, and always do your own research!
