Despite the relative performance of altcoins in 2023, Bitcoin has seen a significant 75% bullish rally since the beginning of the year. However, Bitcoin’s price has been unable to surpass the resistance level of $30,000 for a week, and this has stirred a technical belief that there is a possibility of a retracement streak toward the medium-term support level of $25,000. Is Bitcoin’s Rally Losing Steam At $30,000? The annual upward movement in the price of Bitcoin, fueled by the banking crisis in March, may be hitting a roadblock at the $30,000 resistance level. To assess the underlying dynamics of
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Author: coinmaker