On the 24th, Bitcoin rose for two days in a row, trading at the $33,000 level.
On the previous day, Bitcoin soared to $34,700 and crossed the $34,000 level. Two days ago, Bitcoin fell to $28,993. This means that Bitcoin has surged 18% from its previous low at one point in the day.
This is believed to be due to a large influx of low-priced purchases. After the $30,000 bitcoin collapsed on the 22nd, low-price buying continues to flow in.
Previously, experts had predicted that if Bitcoin collapsed at $30,000, it would plummet to $20,000.
According to Bloomberg News on the 22nd, citing experts, many Bitcoin investors have placed short (sell) positions at $30,000, so if Bitcoin falls below $30,000, it will plunge to $20,000.
However, contrary to Bloomberg’s expectations, Bitcoin has successfully rebounded. This is presumably due to a large influx of low-priced purchases. As a result, attention is focused on how far it will go.
CoinDesk, a media specialized in cryptocurrency, predicted on the 23rd that Bitcoin would rise to $36,000 in a short period of time.
CoinDesk predicts that the $30,000 will act as a support level, which will lead to an influx of low-price buying, which will push Bitcoin up to $36,000. However, the analysis analyzed that there is not much room for further upside as the first resistance level is formed at the $36,000 level.
Meanwhile, as of 9:30 am on the 24th (Korean time), on CoinMarketCap, a global coin market relay site, Bitcoin is recording a record of $33,647, a 5.08% increase from 24 hours ago.
