Bitcoin Outburst To $30,000 Insight What Are The Conditions That Must Be Met?

For some couple of weeks now we have been experiencing some bullish cycle/movement in the crypto market as regards pricing, some traders, investors are pinning it to the Ethereum merge which is scheduled to happen anytime soon. All hopes are high as we all await the primary cryptocurrency bitcoin hits the $30k market trading price, in a Twitter thread an analyst is in the opinion that if we are to see bitcoin at $30k market price they are some conditions which would be probably be met.

source

The analysts is saying for bitcoin to stay above the $20k price solely depends on the activities of the bitcoin whales which will make it set course for the road to $30k.
In he’s words he continued by saying;
“A rally to $30,000 zone is possible, but we need to see acceptance above $23,000. Otherwise, this could end in an ugly deviation/swing failure pattern. We are at resistance. Stay safe.”

Also same goes with Ethereum which is regarded as the second largest digital asset according to market capitalization as he says the bitcoin should copy it’s moves;

“Thinking about taking profits on ETH spot buys and hold all the BTC.
If this is a true rally:
*1. ETH is a bit overextended so it could retrace and stop leading

1. BTC lead the market and copy the ETH move.”*

Also don’t forget in contributing to the pHBD-USDC pool, and from statistics it looks like we will be able to archive the set target in a few months, let’s do our own part in growing the pHBD-USDC liquidity and also take out time to participate in the Leo power up challenge which happens every 15th of each month.

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