Bitcoin price finally hit $30,000 after surging 6% to a 10-month high hitting a key psychological level.
Bitcoin price finally hits $30,000. In the past 24 hours, Bitcoin price surged 6% to a 10-month high around 00:30 UTC on April 11, hitting the psychological $30,000 level.
Interestingly, the Bitcoin price rebounded exactly 10 months after it was trading at $30,000 on June 10 last year. The Bitcoin price has retreated from $30,000 and is currently trading at $30,146. The 24-hour low and high are $28,189 and $30,200 respectively.
Bitcoin price has seen another sharp rise towards $30,000 this week, according to reports. Technical, macro and on-chain analysis suggest an upcoming bullish breakout.
Several prominent analysts, including Willy Woo, Michael van de Poppe, and Ali Martinez, also pointed to macro indicators and on-chain data to suggest significant price movement this week.
The Bitcoin Macro Index crossed a key level indicating the “re-accumulation” phase of the Bitcoin cycle. The Bitcoin Adjusted SOPR (aSOPR) (90d) on-chain indicator moved above 1, which indicates a bull run. In 2015, 2019, and 2020, it delivered gains of 6,110%, 150%, and 579%, respectively. aSOPR recently rose above 1, suggesting that BTC is ready to go parabolic. #原创
