{"id":386249,"date":"2023-04-14T08:05:23","date_gmt":"2023-04-14T08:05:23","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=386249"},"modified":"2023-04-14T08:05:23","modified_gmt":"2023-04-14T08:05:23","slug":"bitcoin-price-climbs-to-30300-pullback-to-27900-today","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-price-climbs-to-30300-pullback-to-27900-today","title":{"rendered":"Bitcoin Price Climbs To $30,300 – Pullback To $27,900 Today?"},"content":{"rendered":"

Bitcoin has taken a bullish momentum after it surpassed the $30500 resistance earlier in the week. Despite the initial retracement, the cryptocurrency’s price has rebounded and is currently surpassing the psychological price barrier. Price indicators suggest the bullish momentum will likely continue above the $31,000 high. However, do we expect a pullback to $27,900 today?<\/span><\/p>\n

Bitcoin (BTC) continues to make waves as it outperforms the global market with its latest price surge. The cryptocurrency gradually <\/span>declined after a peak of $30,500<\/span><\/a> experiencing a price drop. However, it reached a low of $29,800 before returning, surpassing $30,200.<\/span><\/p>\n

The day before, Bitcoin was exchanging hands for $30140. However, at the time of writing, the price of BTC has surpassed the $30,500 resistance<\/span> to trade at $30,823.92,<\/span><\/a> with a 24-hour trading volume of $18,996,527,721. This marks a 2.41% increase in price in the last 24 hours and an impressive 9.96% increase in the past 7 days.<\/span><\/p>\n

Moreover, Bitcoin’s market cap currently sits at $596,312,894,096, thanks to its circulating supply of 19 million BTC. And with a price increase of 10.00% in the last 7 days, Bitcoin has managed to outperform the global cryptocurrency market, which has seen an 8.90% increase in the same time.<\/span><\/p>\n

This latest surge in Bitcoin’s price further cements its position as a dominant player in the cryptocurrency world. It will be interesting to see how its value continues to evolve in the coming weeks and months.<\/span><\/p>\n

High Potential for BTC Price Surge Shown by Bitcoin Network<\/span><\/h2>\n

According to an expert, the recent emergence of around 512,000 new Bitcoin wallets on the network suggests a higher user adoption of BTC and a potential price increase. This is due to the higher demand for the flagship cryptocurrency, which often increases its value.<\/span><\/p>\n

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#Bitcoin<\/a> network continues growing, hitting a higher high of 512K new addresses. Rising user adoption in a #crypto<\/a> like #BTC<\/a> typically signals potential price increases. <\/p>\n

In essence, more wallets = high demand = heightened price potential! 🚀 pic.twitter.com\/fFuMHvockr<\/a><\/p>\n

— Ali (@ali_charts) April 11, 2023<\/a><\/p><\/blockquote>\n