After a few days of stagnation, Bitcoin (BTC) wasted no time in starting a new bullish momentum to cross the symbolic $30,000 mark. The cryptocurrency boss is printing 80% upside in 2023 and showing us all the signs of a bullrun return.
Bitcoin (BTC) at $30,000
June 10, 2022. That was the last time Bitcoin (BTC) plummeted below the $30,000 price and never revisited it again. About 10 months later, this Easter Monday, the cryptocurrency boss broke through that mark again, much to the delight of investors.
In the space of 24 hours, BTC printed a 6.5% rise and took the rest of the market into the green: Ether (ETH) at +3.5%, BNB at +6.1% or even Solana (SOL) at +10.7%. The resistance of 30,000 dollars was easily exposed and the price of bitcoin even reached 30,400 dollars, before stabilizing around 30,076 dollars.
Bitcoin (BTC) price crossing $30,000
In terms of capitalization, this represents $582 billion. This increase is part of a crisis in the banking sector (especially in the United States) and a fear of economic recession. Faced with the first banking crisis in its history, Bitcoin seems to be convincing investors for the moment of its role as an alternative to the current system, as Satoshi Nakamoto thought of it.
Still, last June, it took Bitcoin 8 days to lose the $30,000 support and mark a first low point at $17,800. For many, this fall officially symbolized the entry of crypto-currencies into a bear market period. It took Bitcoin 101 days (since January 1, 2023) to climb back from $17,000 to $30,000. The question now is: does this signal the resumption of the bull run?
