At the time of writing, the Bitcoin rate was at $31,050. Earlier, Bitcoin's price rose to a high of $31,371, its highest level since June 2022. Investors remained optimistic after BlackRoc re-filed for a spot Bitcoin ETF in response to criticism from the Securities and Exchange Commission. The news comes after the US Securities and Exchange Commission suspended applications for ETFs from Blackrock, Ark, Valkyrie, WisdomTree, Invesco and other companies. Will the Bitcoin price be able to stay at $31,000? Recall that the total capitalization of the cryptocurrency market over the past 24 hours increased by 0.36% to $1.21 trillion, and market volume increased by 17.58% to $37.49 billion, according to CoinMarketCap. The prices of some other cryptocurrencies have risen following Bitcoin. The cost of Cardano (ADA) increased by 1.5%, Polygon (MATIC) by 3.4%. Against the backdrop of an increase in the price of cryptocurrencies, 26 thousand traders’ positions totaling $66 million were liquidated on cryptocurrency exchanges during the day. 56% of them were short. Meanwhile, addresses containing less than 1 BTC (the so-called Bitcoin shrimp) are actively accumulating BTC. Every month, addresses receive more than 33.4 thousand coins. This is one of the largest accumulations made by Bitcoin shrimp. The total number of coins held by these holders reached 1.33 million Bitcoins. The main question is, will Bitcoin be able to stay at the level of 31,000 or will there be a correction? So far, the price of Bitcoin is balancing on the verge of $31,000. If there is no bad news, it is likely that Bitcoin price will not only maintain the support level of $31,000, but also try to break through the $31,500 mark. Bitcoin remains the main focus for investors amid yearly highs. Bitcoin has been the top investment destination for institutional investors over the past two weeks, according to CoinShares. In the report, CoinShares head of research James Butterfill noted that Bitcoin-related products received $310.6 million over the past two weeks. So far, investor sentiment remains positive, which means the Bitcoin rate may maintain an upward trend.#Bitcoin #BTC $BTC