Bitcoin News

The price of Bitcoin exceeded $ 34,000

The price of Bitcoin last night managed to cross $ 34,000. Experts predict that now, with the digital currency reaching $ 34,000, the way may open up to $ 36,000.

to the Report Last night, the Bitcoin Telegraph managed to cross the barrier of one of its stubborn resistances by crossing the 34,000 bitcoin price and stabilizing above it.

In the last 24 hours, Bitcoin has managed to record a growth of 4%. During this growth, the price of Bitcoin rose from $ 32,000 to $ 33,800 and then to over $ 34,000.

Bitcoin price chart
Bitcoin price chart

Michael van de Poppe, a leading market analyst, believes that it is important not to break the $ 32,000 support if the Bitcoin price corrects. He wrote about this:

Bitcoin crossed the $ 32,500 to $ 32,700 resistance. Maintaining support means that the uptrend may continue up to $ 36,000. Overall, the next $ 34,500 bitcoin price resistance is likely to break on Sunday.

Given the wide range of Bitcoin price fluctuations, the price increase does not seem far-fetched. In recent days, some analysts, such as Rekt Capital, have referred to changes in the 50-week moving average (EMA50) as a sign that the uptrend is reversing over longer periods.

Still others say $ 24,000 is still a target on the chart, and traders should monitor the CME futures gap in that range.

Decentrader, a market trader, said in a statement:

If the price falls below current levels, we will see support at $ 22,000 and $ 24,000.

The price of Altcoins also stabilized a lot during the last week and we did not see any special trends in many currencies.

Growth of about 10% in the top 50 currencies in the market shows that we are gradually seeing a return to confidence in the market.

The Ethereum price hit its highest level in 10 days, crossing $ 2,000. The Capital Company described the event as a “good” sign of confirmation of the uptrend, citing the jump in Ethereum prices.


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