This morning, Ali (@ali_charts), a seasoned crypto trader, shared on Twitter that Bitcoin (BTC) is steadily progressing towards the $34,000 mark.
Based on the tweet, the price of BTC is expected to soar to $34,000, provided that the bullish megaphone chart pattern currently dominates BTC’s chart and continues to steer the crypto’s course.
In the meantime, Santiment (@santimentfeed), a blockchain analytics company, has taken to Twitter to share some noteworthy news about BTC. As per their tweet, significant whales have appeared on BTC’s network today. The tweet further revealed that 11 distinct 22,000 BTC transactions were executed in two parallel batches.
As of the latest update, Bitcoin’s value has surpassed the crucial $30,000 threshold, with a 6.29% increase in the past 24 hours, as reported by CoinMarketCap. This impressive surge has propelled Bitcoin’s weekly performance even higher, with a total gain of +6.55%. As a result, Bitcoin is currently trading at $30,112.33.
BTC has demonstrated impressive resilience against the dollar and Ethereum (ETH) in the past 24 hours. Currently, BTC has surged 3.02% against the top altcoin, showcasing its dominance in the market.
Bitcoin’s value surged to a peak of $30,160.48 during the day but has since returned to its current level. Despite this, the cryptocurrency is still trading near its 24-hour high, with its lowest point in the past 24 hours at $28,189.27.
In recent developments, the trading volume for BTC has experienced a notable surge, coinciding with its breakthrough above the $30k threshold – a feat not achieved since June of the previous year. BTC’s daily trading volume is an impressive $24,246,305,465, marking a remarkable 92% increase from its total trading volume just yesterday.
Disclaimer: The insights, perspectives, and data presented in this price analysis are published in good faith. Readers must conduct their own research due diligence. Any decision made by the reader is solely their responsibility, and Crypto Outlooks shall not be held responsible for any consequential or incidental harm or loss.
