BTC Finally breaks the $30,000 resistance.
At the start of 2023, BTC was trading around $16,500. Since than coin has observed 83% rise in its worth. Currently coin is trading around $30,200. Almost 6.3% rise observed in BTC worth in last 24 hours. Increased in BTC has increased the dominane of BTC. Now BTC has a share of 47.1% of the total market share.
Second Placed coin Ethereum observed 4% rise in its worth. Currently coin is trading around $1,920. Coin has a share of 18.5% of the total market cap. Combine share of BTC and ETH is around two thirds (65.6%) of the market share. This reveals the influence of top two coins over other coins.
BTC rise also helped alt coins to grow. Green colour dominance observed in market as majority of coins observed gain today. Rise in BTC worth will help to build investors trust over coin which is shattered badly after its dismal performed during 2022. Although the coin has observed good gain during 2023 but it is still pretty down from its all time high worth of $68,800. Coin has tendency to surpass all time high during bullish season. Rumours around that the coin may touch $35,000 before CPI report which is due in next couple of hours.
CPI report may increase the volatility of the market. Better to keep your asset in tact before CPI report. There is no need to panic in case if the BTC price observe another dip. Coin has already bounced back after dip.
Since 2010, there is no consecutive year, when coin observed dip in price. This reveals the coin has great future in upcoming days of 2023. BTC halving is expected in April 2024. It may rise the BTC worth.
People are lucky who bought BTC around $16,500. There is no need to panic if you missed the early buying opportunity. Dip in price may provides you opportunity to buy BTC. Investing in BTC with each dip is a great idea as it will help to build your portfolio. What is your opinion my friends?
This is it for my today post. Wish you all a very happy, healthy and prosperous life ahead. Have a nice time.
Yes, the resistance has been broken and now we can hope for upward price action, but we still need to hold this position, otherwise, there is a chance bitcoin might go down again to fill the gaps it is leaving.
Yes this is very goog news for all of us, BTC has taken so many time to break 30K and now we can hope for a pump in crypto market.
Its great that BTC prices has increase. Now let altcoins perform similar !
This time also exactly the same thing is happening people were waiting for twelve thousand but it has gone up and now it is standing very strong I don't think it will come down now. The CPI is due tomorrow, if it doesn't come down then we'll see it go up more.
You are absolutely right Those who bought BTC at $16500 are very lucky.
The interesting part is that BTC is finding higher support levels even in pre halving period.
This can only be interpreted as better times to come in times to come.
I saw this update first on Twitter and I couldn't just believe my eyes. I had to use coingecko to clear my doubts . Certainly good times for the cryptosphere as Btc is gradually getting it's momentum .
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