Bears struggled hard to push the Bitcoin price below $30K, but bulls rejected it and Bitcoin quickly bounced back above $30K. And Bitcoin (BTC) rallied as high as $30,840 in today's session after Michael Saylor’s Microstrategy was confirmed to have purchased 12,333 BTC.
BTC/USDT 2H Chart
Bitcoin is currently trading at $30,736. It dropped as low as $29,860 yesterday and the bears struggled to keep bitcoin below 30K but the bulls vehemently rejected it. Bitcoin is back above $30K.
MicroStrategy has acquired an additional 12,333 BTC for ~$347.0 million at an average price of $28,136 per #bitcoin. As of 6/27/23
@MicroStrategy
hodls 152,333 BTC acquired for ~$4.52 billion at an average price of $29,668 per bitcoin. $MSTR
After this tweet by Michael Saylor, Bitcoin started to rise again. Bitcoin briefly climbed above the $30,800 resistance, but the bulls did not struggle enough to sustain it, so it were unable to break the $30,800 resistance.
MicroStrategy currently holds 152,333 BTC and I think it's admirable. Michael Saylor and MicroStrategy remain bullish, just like me. 😂
Market Cap BTC Dominance, %
Bitcoin Dominance (BTC.D) has exceeded 52%, reaching up to 52.10%. This is the highest level since April 2021.
Bulls rejected a breakout below a floor at $30K, and have now started pushing the price towards $31K. If they can break the resistance at $ 30,800, Bitcoin will move towards $ 31,000 and then try to break the strong resistance at $ 31,000. It could test the $31K resistance in the coming sessions and if it breaks, Bitcoin could move higher.
I think Bitcoin can reach even higher in July, do you think?
This is not investment advice, it is difficult or even impossible to know which direction prices will move in the short term. I am only stating my guess based on current data. You should do your own research before investing.