Bitcoin above $30k and Ether at $2k sparks optimism among crypto traders Bitcoin BTC Bitcoinprice
- The forward-looking outlook for the cryptocurrency market continues to improve as Bitcoin has managed to hold above support at $30,000 while the successful integration of the Shapella hard fork on the Ethereum network has lifted the price of Ether above the psychologically important $2,000 level.
Data provided by TradingView shows that Bitcoin climbed from just above $30,000 in the early trading hours on Thursday to hit a daily high of $30,778 in the afternoon, where bulls ran into a wall of bear resistance that led to a pullback to $30,400.The early move higher for BTC helped keep April Bitcoin figures prices near this week’s contract high, according to Kitco senior technical analyst Jim Wyckoff.
Following yesterday’s successful integration of the Shapella hard fork on the Ethereum network, the price of Ether surged from $1,910 to a high of $2,022 on Thursday afternoon, its highest price since August.The significance of the Shapella upgrade was touched on by market analyst Michaël van de Poppe, who tweeted, “The Shanghai upgrade is, possibly, a bullish outcome for the markets and #altcoins.
— Rekt Capital April 13, 2023 According to Poppe, the current market setup could see Bitcoin hit a high of $50,000 and Ether top out near $3,000 before a recession in the second half of 2023 leads to a widespread correction in the crypto market.
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Bitcoin [BTC] breaks out, crosses $30k: Are more gains likely?Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. The unemployment rate remained steady, but hourly earnings increased compared to February 2023. Open interest rates and addresses holding more than 1 BTC increased. Following a strong US jobs report, Bitcoin [BTC] finally broke […]
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