Analysts investigated BTC exchange rate as of April 10

Analysts never stop studying the rate chart of the world’s leading cryptocurrency bitcoin (BTC). So April 10, 2023 was no exception. Several market experts investigated the situation at once and expressed their opinion on the future price movement. One of them was the famous trader and founder of the investment company Eight Michael van de Poppe.

The researcher noted that BTC quotes are stuck in a specific range. According to him, he recorded a “good” transition to $28,500 and back to consolidation over the past night. The big event this week, when the FOMC announces an increase in interest rates after the latest data on the Consumer Price Index (CPI) in the United States becomes known, may become a catalyst for further market movement. Van de Poppe noted that if another test of the $28,600 level takes place, then, according to the expert’s assumptions, the BTC rate will break up.

Another well-known cryptocurrency analyst from Twitter IncomeSharks assured: nothing has changed on the chart of the flagship cryptocurrency Bitcoin and the price was in a narrow range. He advised people not to be biased and not to talk about a bull or bear market every time the price moves $100 – $200 up or down. The expert noted that many market participants are beginning to celebrate success on low timeframes without any significant movements of the exchange rate in global terms.

On April 10, 2023 the cost of Bitcoin digital coin was at $28,351.

This indicator has grown by 1.56% over the past day. However, during the last week, this indicator has changed only by +0.75%. The market capitalization of the virtual asset was $548.44 billion. Trading volumes over the past 7 days amounted to $91.19 billion. The level of bitcoin dominance in the market is 46.2%.