Bitcoin (BTC) May Reach This Level on April 6-7

Bitcoin price is at $67,850 at the time of writing, and altcoins are showing signs of recovery, albeit weak. According to the latest Spot Bitcoin ETF data, there was a net inflow of approximately 204 million dollars on April 5. Inflows falling behind April 4 remained relatively weak. So, what are the Bitcoin price predictions for the weekend?

Bitcoin Price May Rise

Before moving on to optimistic predictions, we should say that uneasiness may continue due to the inflation data coming on Wednesday. Additionally, ETF data does not present a very bright outlook, as we mentioned in the introduction.

Now let's start looking at the glass half full. First of all, Genesis has completed a significant sale of GBTC and the pressure on the markets due to lack of demand in the ETF channel should ease next week (at least the part due to Genesis). The second positive development is that the Reserve Risk indicator continues to recover from the green zone. This data compares the current Bitcoin price to the long-term investor cost base and shows the potential for savings. Reserve Risk already says that long-term investors can accumulate significantly again.