BTC Price Holds Existing Support As It May Hit $32K

Bitcoin fluctuates between $30,000 and $31,000 and can go as high as $32,000 – April 15, 2023

The largest cryptocurrency has stabilized above the $30,000 support as it can reach as high as $32,000. BTC price surged to a high of $31,035 yesterday but was rejected. Bitcoin has pulled back above the $30,000 support due to the drop. Without a doubt, the bullish move will start if the existing support holds. On the next surge, the crypto asset will likely top out at $32,000.

Bitcoin Price Stats Data:
•Bitcoin price now – $30,299.27
• Bitcoin Market Cap: $586,623,397,717
•Bitcoin circulating supply – 19,347,143 BTC
•Total Bitcoin Supply – $636,557,405,386
• Bitcoin Coinmarketcap Ranking – #1

Resistance levels: $50,000, $55,000, $60,000
Support levels: $25,000, $20,000, $15,000
Bitcoin (BTC) price has continued to rise after breaching the $30,575 barrier level. After four days of price wrangling below the resistance level, buyers broke through the resistance. A new high of $31,035 was reached for Bitcoin, but buyers were unable to sustain the uptrend. Bitcoin then fell above the $30,000 support. The cryptocurrency asset is anticipated to rally again if the existing support holds. Bitcoin is likely to reach a high of $32,400 if it breaches the $31,035 resistance level. On the other hand, if the sellers break below the 21-day SMA support level, the current uptrend may collapse. The value of the cryptocurrency asset could fall to $25,250. The market is currently overbought as the Bitcoin price is trading there. For period 14, the Relative Strength Index is at the 70 level.

UK Creates Bitcoin Policy Group to Increase BTC Use and Education

A UK-based Bitcoin-only policy group aims to steer the market towards higher levels of BTC acceptance. God save our kind coin, and may it live long. To support Bitcoin in Britain, a group of Bitcoin BTC entrepreneurs, environmentalists and supporters have come together. To “unlock the potential of Bitcoin” in Britain and examine how the nation’s households, businesses and communities could benefit from the sprawling industry of decentralized currency.

Bitcoin Policy UK (BPUK) brings together stakeholders, policy makers, environmentalists, tax experts, Bitcoin experts and miners. BPUK’s main goals are to encourage investment, create and equip students for future jobs in the Bitcoin industry, spread awareness and educate the public, and investigate the use of stranded and wasted energy resources for Bitcoin mining. According to Freddie New, policy director at BPUK, “the origin of this project was the Edinburgh Collective Bitcoin Conference,” the largest Bitcoin conference to be held in the UK in the fall of 2022.

Meanwhile, Bitcoin is pulling back a bit above the $30,000 support as it may reach as high as $32,000. BTC has reversed at the 1,272 Fibonacci extension level, or $31,000, on the 4-hour chart. The price of the cryptocurrency has now been above $30,000, or the 21-day simple moving average. Buyers are fiercely defending the current support as Bitcoin is poised to go higher. If Bitcoin breaks above the current support level, the rise could cease.

Bitcoin Alternatives

Despite being priced between $30,000 and $31,000, Bitcoin has made excellent progress. Price indicators predict the largest crypto to rise further, peaking at $32,000. While waiting for a possible comeback, Bitcoin is consolidating above the current support. The cryptocurrency market, including Love Hate Inu (LHINU) tokens, will experience a possible upward movement. LHINU has made notable decisions recently as its value has risen. Don’t forget to buy some LHINU during stage 4 of the pre-sale to protect your tokens before the price goes up. Time is running out, so take action now. Be sure to join the Presale right now because Stage 4 will end in less than two days. Stay tuned and buy some LHINU as Stage 5 will also bring something HUGE. Buy for just 0.05 BNB. More than $4.5 million has already been raised.

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