Cryptocurrency has seen a continuous surge in price over the past few months. With the five largest acquisitions of the year all occurring in March, we can see strength from Bitcoin as it is poised to reach the major and volatile level of 30,000. A huge 80% jump from the low of 16,000 in late 2022 highlights the strong level of bullish confidence amongst investors. This can also potentially be seen in the Bitcoin Domiance (BTC.D) levels, rising to its critical resistance area of 48.34% and potentially bouncing back up to 45-45%.

The steady continuous increase, shown in the presence of 3 green candles within the monthly cycle, can enable us to draw a comparison to a similar trend seen in the 2018-2019 bull run. This is a sign of promising market recovery, particularly as the number of wallets containing more than 10-10,000 BTC are decreasing. However, much of this is dependant on the price holding in the current zone for the next 2-3 weeks. If it manages to firmly break through this level, investors can expect a return to the $35,000 price range in the near future.

Regardless of these trends, it's still important to carry out research before committing to an investment. High volatility of crypto adds risk, so it benefits investors to understand the market as a whole before diving into it.



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