Can Bitcoin Hold $30,000? Analysts Speak to Bloomberg!

After a week of thinking bitcoin While it was based on the $ 30,000 limit, an upward movement was also seen in altcoins.

BTCSpeaking to Bloomberg while the .

Stating that BTC is trading around its 50-day moving average, Paul Hickey from Bespoke Investment Group said, bitcoinHe said the level to watch is $27,500.

“The $27,500 level is critical in Bitcoin. If this level is not held, prices run the risk of falling.

While the Bitcoin and crypto space has little to do with the stock market, investors are watching the S&P 500 along with BTC.”

Another name that evaluates the movements and future of BTC is crypto data provider From Ambre Soubiran, CEO of Kaiko came.

Speaking to Bloomberg TV, Kaiko CEO used the following statements:

“We have seen a decline in Bitcoin’s volume, market depth and liquidity, which has translated into higher volatility.

This is an indication that the market has not returned to its pre-2022 crisis amount in terms of volume and most importantly market depth, creating a positive mood around the prices of crypto assets.

For a general and permanent rise in prices, there must be increases in volume, market depth and liquidity.”

*Not investment advice.

For exclusive news, analytics and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Moreover Android And iOS Start live price tracking right now by downloading our apps!


source site-5