Bitcoin price breaks $ 30,000 and reaches 10-month high
Bitcoin price breaks $ 30,000 and reaches 10-month high
Bitcoin has finally reached its long -term level of resistance at $ 30,000. According to the TradingView, the asset reached a maximum of around $ 30,500 during the Asian trading session on Tuesday morning, which corresponds to a daily profit of 7.1 %
In addition, this is the highest price that BTC has seen since June 2022 when it suffered greatly on the back of Terra/Luna's collapse.
At that time, Bitcoin stayed at this level of support for about a month. This time it serves as a resistance level, and analysts have predicted a withdrawal from here. BTCUSD. Tradingview
Bitcoin rally to cool down?
The cryptoanalyst "Credibull Crypto" said that most agreed that the rally would end somewhere between $ 30,000 and $ 40,000. He added that this would give every six months to collect before it is headed for a new all -time high in 2024 or 2025 if the history of the halving cycle is repeated.
it goes on. The next 48 hours or so are very important and probably tell us what we need to know about the strength of the movement this morning. A fast, 12-minute video with my thoughts. Enjoy! $ btc https://t.co/lwjle74ykm 10. April 2023
The "whalewire" account was not so Bullish, Bitcoin was the result of the Tether printer.
"Bitcoin is artificially increasing because Tether prints out of nowhere. They bring fake liquidity to attract real liquidity and then rise again as soon as there are enough noobs fomo."
The claim is a little far, but the fact remains that Tether has so far put $ 14 billion in its circulating offer. However, the decline in USDC and Busd's offer means that the entire stable coin market capitalization is lower than at that time last year.
The on-chain analysis provider Santiment fingered Bitcoin whales for today's great movement.
🐳 big whale movements have appeared on #bitcoin ’s Network today, since the price is now about to exceed $ 30,000 for the first time since June. A total of 11 separate 22k (total 655 million USD) were moved in two simultaneous batches. Read our quick insight! 👇 https://t.co/otnlensjg1 pic.twitter.com/vndmoah1gt
- Santiment (@Santimentfeed) 10. April 2023
It is noteworthy that BTC has pushed upwards in the middle of the largest regulatory raid against the industry that the United States have ever carried out. This increases the premise that a country cannot control or suppress crypto, and it is really a global asset.outlook on the cryptom market
The crypto market capitalization has reached the highest level of the year with $ 1.29 trillion after it had increased by 4.8 % that day.
BTC is a leading in terms of profits, but Ethereum has also increased by 4.2 % and is $ 1,933 at the time of writing this article
Most high-cap-alcohol deserves between two and four percent that the big brother pulls them higher on the day.
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