BTC Price Breaks Past $30K as Market Rallies in the Last 24 Hours -Breaking
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© Reuters. BTC’s Price Hits $30K, as Market Rallies Take Place in 24 Hours- (BTC) saw an increase of 3.77% in 24 hours. This brought its price to $31,633.27 above the $30k mark.
- BTC’s price is also up over the last seven days and has risen by 7.73% in the last week.
- BTC might fall to $30K if the bulls cannot maintain current prices between the 20-50 EMA.
CoinMarketCap reports that Bitcoin (BTC), which has seen a gain of 3.77% in the past 24 hours, has risen to $31,633.27 from its key $30k price. BTC’s price is also up over the last seven days and has risen by 7.73% in the last week.
BTC’s price is now closer to $31,949.63 for the 24-hour, while its lowest point was $30,329.25. It has fallen against Ethereum by 0.49% as of the writing. 1 BTC coin currently has a value of 16.01 ETH.
Ranked number one on CoinMarketCap’s list of the largest cryptocurrency projects by market cap, BTC’s market cap currently stands at $602,741,661,662. BTC’s daily trading volume increased by 59.81% during the last day. The total 24 hour trading volume now stands at $38,209222,459.
Looking at the daily chart for BTC/USDT, the price of BTC has risen above the 20 EMA line – a line that has been acting as resistance for the coin since mid-April. It also happens at the moment the 20 EMA crosses below the 50 EMA. This indicates a bearish flag. The chart indicates that bearish plays occurred soon after the crossing of the 2 EMAs.
The RSI line also recently crossed high above the RSI SMA line as BTC’s price broke above $31k. The RSI SMA and itself are now in a close proximity. BTC might fall below $30K if bulls cannot maintain current prices between the 20-50 EMA. However, the two EMA lines continue to indicate that bears hold the upper hand.
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