BTC Price Hits Significant $30K Price Level

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Bitcoin Price Returns Upon Reaching Significant $30K Price Level – April 11, 2023

Bitcoin (BTC) price rises as it reaches the significant $30K price level. The value of the cryptocurrency has risen to $30,438 as of this writing. The current bullish momentum is expected to continue until it reaches the top of $32,000. But now that Bitcoin is trading above the psychological price threshold of $30,000, the market has become overbought.

Bitcoin Price Stats Data:
•Bitcoin price now – $30,130.04
• Bitcoin Market Cap: $582,665,006,326
•Bitcoin circulating supply – 19,342,943 BTC
•Total Bitcoin Supply – $632,593,698,276
• Bitcoin Coinmarketcap Ranking – #1

resistance levels: $50,000, $55,000, $60,000
Support levels: $25,000, $20,000, $15,000

On April 9, the BTC price returned above the $27,767 support to reach the psychologically significant $30,000 price level. In reality, the value of the asset has risen above its peak of $30,000. BTC price tripled to cross the psychological threshold of $30,000 on a shorter time scale. The market entered an overbought zone, causing some initial resistance for the largest cryptocurrency. However, if the buyers manage to break above the current high, the market will skyrocket to a new high of $32,000. BTC price is unlikely to be rejected at the most recent high and fall below the $29,000 support on the downside. The cryptocurrency asset is at the 71 level based on the Relative Strength Index for the 14 period. The market is overbought where the cryptocurrency is currently trading.

Bitcoin is now trading at $30,000, the highest level since June 2022

For the first time since June 2022, Bitcoin hit $30,000, setting a new price high for 2023. The largest cryptocurrency by market capitalization, Bitcoin, hit price spikes last seen in mid-2022, hitting $30,000. and setting a new high for 2023 Bitcoin recently topped $30,000 and as of this writing is almost at $30,200, a price it hasn’t seen since June 10, 2022, according to data from CoinGecko. BTC saw gains of almost 46% in the last 30 days, reaching its highest level in ten months on April 11. As traders await the US Consumer Price Index (CPI) report on April 12, which will provide details on the Federal Reserve. Fighting inflation, some analysts predicted that it would recover its price of $30,000. The Crypto Fear and Greed Index has been consistently in the “Greed” zone since last week, with the most recent update on April 11 showing a score of 68 out of 100.

BTC/USD – 4 hour chart

Meanwhile, the BTC price is making positive moves as it reaches the significant $30K price level. The price of the cryptocurrency rose to a high of $30,438, but the uptrend came to an end at that point. It is a market condition that the Bitcoin price is currently overbought. The price of the cryptocurrency is currently testing the previous price point of June 2022.

Bitcoin Alternatives

Bitcoin price has reached the desired level of $30,000. A further move towards the next resistance level at $32,000 is likely. Recent impressive moves have helped solidify the bull market. The current price increase will benefit other cryptocurrencies such as Love Hate Inu (LHINU) tokens. The value of the new LHINU tokens has grown incredibly fast. With the current market price of Bitcoin, LHINU tokens will appreciate. High returns on investment are expected for investors who have stuck with the business from the start. Take advantage of this opportunity to buy LHINU in Stage 4 of the Presale before the price increases. Do not wait; there are only a few days left to receive your tokens. Almost $4 million has already been raised.

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