Bitcoin has hit $30,000 again, which is a 100% pump from the price Bitcoin started the year with after it crashed to the $15k level when Sam Bankman Fried and his ex-company FTX collapsed and bankruptcy happened. When Bitcoin crashed to the $15k level a lot of Bears were hoping and predicting that the price of Bitcoin was only going to go down the hills from there, like down to $10k and below. In fact, I still saw a post today that Bitcoin is just creating a bull trap and it is still going to crash to $10k and below. In my opinion, I do not agree with the prediction of $10k and below but I can say for a fact that Bitcoin still has some liquidity to be cleared around the $24k level.
The fake news about a Bitcoin spot ETF approval a few days ago, was the first to push to make Bitcoin reach $30k again after a long time and it is very close to hitting the $30k mark again, in fact, it already did sometime today. Now that Bitcoin has hit $30k, it is time to see if it can maintain stability at $30k and rush towards $32k, which is the next significant resistant point to breakthrough from for the price of Bitcoin to start heading for $40k and may above $40k. Bitcoin is moving bullish regardless of the status of spot Bitcoin ETF. Like I always say the next bull run is a matter of time away.
Bitcoin looks like it is following the momentum that the fake Bitcoin Spot ETF rumor created. Bitcoin will casually enter a bull run one day, leaving bears in disbelief as usual. Bitcoin is still very cheap below $30k as it is but I love to see it smash that $40k level soon.
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