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Bitcoin Finally Crosses 30000 Mark, What Next?

Bitcoin has finally crossed the much-awaited resistance mark of $30k.

At the time of reporting, it is trading at $30252 a pop, as per coinmarketcap. It is showing a 24-hour gain of 2.95% with a market cap of over 556 Billion USD.

Bitcoin has finally crossed the much-awaited resistance mark of $30k.

At the time of reporting, it is trading at $30252 a pop, as per Coinmarketcap. It is showing a 24-hour gain of 2.95% with a market cap of over 556 Billion USD. Just two weeks subsequent to tackling 20k USD, BTC crosses the 30k USD mark on the 2nd day of 2021.

The area closely under the 30,000 USD level had proven a source of strong selling pressure throughout the last few days, a setup analogous to that which BTC disrupted at twenty thousand USD mark, a couple of weeks ago.

Recently, renowned statistician Willy Woo mentioned,

“If you’re looking for an entry to HODL Bitcoin long term, don’t nickel and dime an entry. You’re not going to sweat a few thousand dollars of non-perfect entry when it’s $100k, $200k, $300k in a year”.

He added,

“The main bull phase is here. Capital inflows has gone nuts.”

In spite of BTC’s latest advances, major altcoins’ performance on the day was mixed. Ethereum has crossed 750 USD mark and is trading at 751 USD.

What do you think about the next logical level the largest crypto can achieve? Let us know in the comments below!

Image by Tumisu from Pixabay