The crypto revival rate was firm, with Bitcoin’s support refusing to budge below $30000, indicating strong support from bullish traders in the market.
The crypto market saw a sudden rush of support from bulls as Bitcoin climbed up from its static levels. It crossed the $30500 mark and looked set to move closer towards $31000. Traders could step into the market now with renewed buying sentiments.
The support for Bitcoin has been rigid at $30000 for some days, which is a pleasant turn from earlier trends. In the previous few months, BTC had failed to consolidate above $30000 but had regularly crossed the mark at intervals.
Other crypto tokens also registered a rise, with Solana being one of the biggest gainers in the last 24 hours. It rose by 8.9%. BTC, ETH, Cardano and BNB also saw gains. XRP, Dogecoin and Polkadot were among the few who saw a little loss.
Experts noted the predictions for BTC in the next few weeks. Most predictions swayed towards the crypto crossing the $32000 to $33000 range shortly. The event could be a huge sign for a further rally towards $38000 within a few months.
The crypto revival in the last few days saw the market’s capitalization rise to $1.2 trillion. Traders observed BTC’s crypto market dominance, observing its movements.
BTC/USD 1D price chart
Bitcoin is currently trading at around $30600 on June 29, 2023, with BTC/USD up by around 1.1% in the previous 24 hours. BTC/USD is trading above its 20-day EMA (27,769.90) as BTC’s 24-hour volume increased above $12 billion. Bitcoin has seen around 85.01% returns on a year-to-date basis.