Bitcoin Prediction for April

Bitcoin was down 3% on
Thursday, ended the day at $45.7K. On Friday morning, the pressure has
continued, taking the price down 4.6% to $44.8K.

Bitcoin: March-April

BTC ended last moth
lower amid falling US stock indices. In total, BTC added 10% and demonstrated
strength for the second month in a row.

Historically, April is
considered to be one of the best months for the benchmark crypto: during the
past 11 years, Bitcoin gained in April eight times and declined only three
times respectively. If Bitcoin shows the same growth this time, it could end
the month around $576K.

The FxPro Analyst Team
emphasised that the local picture on the chart shows the advantage of bears,
who managed to keep BTCUSD above the 200-day moving average. It will be
possible to talk about the final breakdown of the growth momentum if BTCUSD
finally falls below $44K.

It should be mentioned
that April is also a strong month for stock markets. Putting all together, the
new month begins with optimism and the mood to look for a moment to buy on a
decline, especially given the dense influence of institutional sentiment on the
dynamics of the first cryptocurrency.

Kiyosaki predicted
the dollar collapse

According to
CoinMarketCap, the total capitalization of the crypto market decreased by 4.5%
to $2.05 trillion. The Bitcoin dominance index fell 0.1 points to 41.4%. The
fear and greed indicator rolled back exactly to the middle of the scale and
stopped at 50 points.

Ethereum lost 4% during
last 24 hours. Other leading altcoins from the top ten sank from 4.4% (XRP) to
7% (Polkadot). The exception was Solana (+0.5%), which continued to grow as the
OpenSea NFT platform had added support for tokens on the SOL blockchain.

Amongst the news, a
legendary writer and investor Robert Kiyosaki warned of a "sky-high"
US national debt and predicted collapse of the dollar. Keeping that in mind, he
urged to invest in alternative assets:  gold, Bitcoin, Ethereum, and
Solana. It should be noted that Kiyosaki has repeatedly predicted the
collapse of the dollar, but his predictions have not yet come true.

This article was written by FxPro’s Senior Market Analyst Alex
Kuptsikevich.