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AIA
/USDT
6.23%
4.1059

BTC
/USDT
0.19%
30,634.30

ETH
/USDT
0.91%
1,941.72

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Last Price
24H Chg%
AIA
/USDT
210418.44K
4.1059
≈$4.1059
+6.23%
BTC
/USDT
1837892.99K
30,634.30
≈$30,634.30
+0.19%
ETH
/USDT
1846894.31K
1,941.72
≈$1,941.72
+0.91%
BCH
/USDT
12475.30K
293.92
≈$293.92
+1.37%
ETC
/USDT
1933828.94K
20.471
≈$20.471
-2.03%
DOGE
/USDT
2411956.95K
0.06829
≈$0.06829
-0.30%
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News
Bitcoin Price Recovery
2023-05-04 06:57:00
    Bitcoin, the world’s largest cryptocurrency, has seen a tumultuous few
months. After reaching an all-time high of nearly $65,000 in April 2021, the
digital currency suffered a massive sell-off and saw its price plummet to around
$30,000 in mid-May. However, since then, Bitcoin has been slowly but steadily
recovering and is currently trading above $29,000. In this article, we will
discuss the factors that could influence Bitcoin's price in the near future and
make a Bitcoin price prediction.




    Bitcoin's recent recovery is a welcome relief for the cryptocurrency
community.The price of BTC is currently trading above the $28,800 resistance
zone, and the bulls might soon aim for a move toward the $30,000 resistance.
There was a break above a key contracting triangle with resistance near $28,700
on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could
rise further and revisit the $30,000 resistance zone.




    Bitcoin price remained well-bid above the $28,000 support zone, and it
started a decent recovery wave above the $28,500 resistance zone. It even broke
the $28,800 resistance after the Fed announced another rate hike from 5% to
5.25%. The pair is now trading above $28,800 and the 100 hourly Simple moving
average.

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