BTC Price Analysis: Traders Eye $30,000 Support Level Amid Bullish Run

BTC/USD hovered near $30,500 on April 15, finishing the Wall Street trading week less volatilely.

Traders and analysts considered options for BTC price action, with $33,000 a popular near-term target and $30,000 an all-important support level.

Technical analyst Murfski described being long BTC in 2023 as "incredibly cheap" thanks to year-to-date gains of over 70%.

Credible Crypto retweeted a chart of BTC/USD and funding rates from Murfski, summarizing, "We're going higher. Much higher."

Michaël van de Poppe predicted a likely sweep at $29.6K before continuing the uptrend, while Rekt Capital called BTC "well positioned" on daily timeframes.

The number of BTC addresses in profit hit 16-month highs on April 14, nearing the tallies from November 2021, when BTC/USD hit its all-time high of $69,000.

Wallet dynamics saw large-balance wallet numbers declining, with wallets holding >100btc experiencing a significant drop of 200 virtually overnight.

1,000+ BTC wallet numbers remained steady through the return to $30,000.

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