Bitcoin at $30,000 Is Still Out of Grasp But Getting There ‘Looks Likely’
- Token is stalled below key level after 72% first-quarter gain
- April has historically been a good month for Bitcoin: Bespoke
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Bitcoin’s 2023 rally has put it on the cusp of breaching $30,000 for the first time since June — but it has proved to be a tough level to crack. Seasonal trends may help give it a push.
The largest cryptocurrency was trading around $28,100 as of 1 p.m. in New York — roughly within 15% of a key trendline, its average price over the past 30 days. The coin has been hovering near that resistance area since March, after rallying 72% in the first three months of the year to close out its best quarter in two years.