Metrics Show Bitcoin Price Rise To $ 80,000 In April

Over the past week, bitcoin has shown a noticeable drop in price by 9%.Recently, bulls have been in the coin marketdisappeared, and given its $ 52,000 valuation at the time of publication, most traders have a question whether BTC will return to levels close to 62,000 over the next weeks.

If Bitcoin's status as a long-term asset remains undeniable, what can be said about the near-term performance, and will the market show a further decline in price before a recovery?

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The data provided by Santiment showshow quickly the arguments for bullish divergence disappear. The low circulation ratio of tokens, which was noted after bitcoin fell below 52 thousand dollars, indicated a bearish outlook for the coin in the near future.

According to the information provided, the last time this token circulation ratio was observed in September 2020, when the price of the cryptocurrency experienced a long period of sideways movement.

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At the same time, there are signs thatinvestors are more and more confident in the imminent pullback. Price expectations in April are quite high, and many investors are confident that the $ 80,000 mark may be reached by then.

There are a large number of call options available,expiring on April 31, which suggest that the price will reach 80 thousand dollars, which gives bitcoin a little over a month not only to recover, but also to establish a new ATH with a fairly large margin.

Despite all the difficulties of forecastingthe next vector of market movement, the recovery of BTC cannot be discounted. Santiment points out that over the past 24 hours, 1.24 million active Bitcoin addresses coincided with a monthly high, so it can be argued that this fundamental indicator of the market speaks of a rapid recovery.

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Analysis of the level of volatility of the coin for the last 6months also shows that significant price changes can be expected from bitcoin. True, in the near future, the period of sideways movement can seriously slow down the coin's aspiration for growth.

Where is it more profitable to buy bitcoin? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

#	Exchange:	Website:	Rating:
1	Binance (Editor's Choice)	https://binance.com	9.7
2	Bybit	https://bybit.com	7.5
3	OKEx	https://okex.com	7.1
4	Exmo	https://exmo.me	6.9
5	Huobi	https://huobi.com	6.5

The criteria by which the rating is set in our rating of crypto-exchanges:

• Work reliability&#8212; stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
• Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
• Feedback and support– we analyze user reviews and the quality of technical support.
• Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
• Platform Features– availability of additional features &#8212; futures, options, staking, etc.
• final grade– the average number of points for all indicators determines the place in the ranking.

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