Bitcoin Finally Breaches $30,000, What’s Next For BTC?

Bitcoin Finally Breaks Above $30,000 After 10 Months

[{"selector":"#anim-cfe5bdf4-ef6c-4eb6-a836-3eb0c8d570a4","keyframes":{"transform":["rotate(-540deg) scale(0.1)","none"],"opacity":[0,1]},"delay":0,"duration":1000,"fill":"both","iterations":1}] April 10, 2023

Bitcoin raced towards $30,000 today, reaching a 10-month high.

[{"selector":"#anim-b4254483-b7c0-41be-a52f-3b0b52363ff2","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e92a4c44-d3f1-417c-af38-9e60bd187b8d","keyframes":{"transform":["translate3d(113.05483%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(.2, 0, .8, 1)","fill":"both"}] [{"selector":"#anim-b65f7d4f-e2c8-4615-b707-7fd21a2f7311","keyframes":{"transform":["rotateZ(180deg)","rotateZ(0deg)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(.2, 0, .5, 1)","fill":"forwards"}]

So far, Bitcoin had rallied 84% this year despite all the bearish sentiments, peaking at at $30,438 earlier today.

[{"selector":"#anim-9f13dca1-cbcc-4c32-8cfc-09481a6fe779","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-1cb39c61-23a7-4fee-9154-94fe4980f124","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-85f60e9f-3709-46ba-92d4-1b247bb39bf1","keyframes":{"transform":["translate3d(100.00000%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(.2, 0, .8, 1)","fill":"both"}] [{"selector":"#anim-10e4a1ba-6a98-433a-ae52-8d935cd0d6a0","keyframes":{"transform":["rotateZ(180deg)","rotateZ(0deg)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(.2, 0, .5, 1)","fill":"forwards"}]

Bitcoin ended its sideways movement from $24,500- $29,400 today as it crossed the $30,000 mark.

[{"selector":"#anim-14d5c04d-d187-4e78-89f1-2b6405a686aa","keyframes":{"transform":["translate3d(129.11879%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-64cc8e05-215c-47f7-b700-17e2c7f8ed9f","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-55428db9-7d70-491d-b04b-a9de9a810d41","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-109494c6-dcc9-4b1a-89cd-faf3ef5a62a3","keyframes":{"transform":["translate3d(107.57180%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(.2, 0, .8, 1)","fill":"both"}] [{"selector":"#anim-31864148-9e82-427c-a194-a673fd89811a","keyframes":{"transform":["rotateZ(180deg)","rotateZ(0deg)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(.2, 0, .5, 1)","fill":"forwards"}]

The Federal Reserve is expected to soon end its aggressive monetary tightening campaign, triggering a bullish sentiment.

[{"selector":"#anim-d3581384-075b-4e56-a27d-de55b2fe80f7","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3ce461f9-726f-4fd4-88a3-d3dad8e03e4b","keyframes":{"transform":["translate3d(0px, 78.07674%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Bitcoin crossing the $30,000 mark coincided with the employment data, revealing employers maintained a strong pace of hiring in March.

[{"selector":"#anim-7f2848ae-d37d-4bb1-8f06-7b37fd3b416f","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5de38e88-38d8-44d8-b7b2-4153dcdd8cde","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-c376e4ab-e5b6-4c44-ae2c-ba379620f8b3","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Given the recent collapses of banks, the Fed is unlikely to lift interest rates much higher for longer.

[{"selector":"#anim-bfec66e9-1c87-40a8-8312-485c869262a3","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e2c0811f-037e-48d2-9f02-36fc366ae5c5","keyframes":{"transform":["translate3d(124.72728%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e91c06e8-edbe-43e2-b541-b7b40aa83245","keyframes":{"transform":["translate3d(103.65534%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(.2, 0, .8, 1)","fill":"both"}] [{"selector":"#anim-68df1cc5-7689-4f59-9dff-860c4df15468","keyframes":{"transform":["rotateZ(180deg)","rotateZ(0deg)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(.2, 0, .5, 1)","fill":"forwards"}]

At the time of writing, ETH is trading above $1,900, nearly 4% up in the last 24 hours.

[{"selector":"#anim-bd048830-bc1f-45d9-9012-66f1d2005983","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b01b66ca-3733-4530-9459-77be56c5b5b5","keyframes":{"transform":["translate3d(-134.42623%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2bbcc1d9-b04b-4bfe-95d6-7a5f33d187ed","keyframes":{"transform":["rotate(-540deg) scale(0.1)","none"],"opacity":[0,1]},"delay":0,"duration":1000,"fill":"both","iterations":1}] [{"selector":"#anim-ee89b4d3-7930-471e-8f23-7ca88295e798","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-89178e91-93ca-4878-a9f8-14c95ad684e5","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Read More Stories