Bitcoin once again rose above the important threshold of 30,000 US dollars, which caused it to break all-time highs against the local currency in three countries in the world. Which countries are these and what are the other prospects?
Bitcoin has crossed $30,000
The most important cryptocurrency in the world, Bitcoin, recently crossed the $30,000 mark and is now slowly approaching the $31,000 level. This significant increase above the important threshold saw the highest Bitcoin price in Argentina, Venezuela and Lebanon against the local currencies in history.
In these economically unstable regions, Bitcoin has become a means of storing value and protecting against inflation. These countries are facing high inflation which is the main factor behind this trend. Bitcoin has also approached all-time highs in Turkey, where the BTC price against the Turkish Lira last reached its ATH in late 2021.
During this period of growth, a number of leading analysts appeared on the Internet, sharing their analysis through their Twitter accounts. For example, popular Crypto analyst Tony stated that if Bitcoin manages to consolidate around the $31,000 mark, then reaching the $32,000 level will not be a problem.
As for other analysts, the CEO of Eight, Michaël van de Poppe, said that he is not sure if Bitcoin will continue above the $30,000 mark. In his post on Twitter, he said:
I am not sure if we will continue this run from here, but during uptrends you will most likely see the price continue the run rather than have a deep correction. If there is a correction, I will buy $28,500.
At the time of writing, the price of BTC is around 30,445 USD according to KMC.
Conclusion
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2023-06-27 16:00:20
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