Bitcoin Price Prediction for April 12: Weekend Rally Continues as Buyers Gain the Upper Hand

Looking at Bitcoin’s price action over the weekend, buyers are currently driving the momentum according to CoinStats. Over the past 24 hours, BTC/USD has risen by 3.42%. On hourly charts, a breakout above local resistance of $83,974 is fueling a continued climb in Bitcoin’s price. If the daily close doesn’t remain far from this mark, we can anticipate further gains towards $86,000 shortly. On the longer timeframe, buyers are currently showing stronger pressure than sellers. If this trend persists throughout the day, a level breakout might follow, potentially pushing prices to test the $87,000-$88,000 zone. 7-day chart analysis reveals strong buyer momentum, with traders focusing on the weekly close at the $88,772 level. If this close is achieved above this mark, a sustained upward trend could carry Bitcoin through to the $92,000-$96,000 range.