Even when there are rising fears over restrictive measures by the US government, the first born cryptocurrency Bitcoin has surged nearly 50% in 2023. Moreover in the early hours today the Bitcoin price had even hit the $25,000 area before making a slight fall back around $24,000 level.
At the time of reporting, the flagship currency is selling at $24,919 after a surge of 0.40% over the last 24hrs and 15.06% increase in the past week. Bitcoin’s immediate resistance is at $25,200 while the support is positioned at $24,800 level.
A New Bull Run For Bitcoin Price
Meanwhile, a well-known crypto analyst known as Dave the Wave informs his Twitter followers that Bitcoin is about to see a massive spike. This is because the analyst is of the opinion that the start of cryptocurrency is mostly following its 2019 pattern where it had surged from low of $4,000 to $14,000 in a few months.
Source: https://coinpedia.org/bitcoin/analyst-a-new-all-time-ahead-for-bitcoin-price-above-this-key-level/