Will bitcoin (BTC) reach $30000 this week after breaking through $28400?

#Bitcoin continued its upward trend in recent weeks, reaching a record high of $28422 yesterday. This was followed by an amendment of $25700. However, BTC was restored at the time of writing and is currently $27130. That means prices have fallen 2.33% in the past 24 hours, with a market value of $503 billion. Josh Rager, founder of bitcoin blockroots and a bitcoin trader, points out that bitcoin’s price rise is slowly becoming a parabola, making the price rise too fast and unnatural. In his opinion, bitcoin can reach the $30000 mark in the near future, but it may be revised for a longer time in a few weeks, at least healthy compared with the special currency and encryption markets. “Cryptoirb” and other analysts predict that bitcoin may even break the $30000 mark by the end of this year. However, traders should be cautious because the current volatility is higher than ever before, and it is no longer uncommon to adjust thousands of dollars a day. However, analysts also pointed out that the current stage provides a huge profit opportunity for day traders. Bitcoin “big chonis trading” shows on the annual chart that bitcoin must close at $26968 by the end of the year, after which BTC has “all the possibilities” to soar to an all-time high. He thinks it’s like bitcoin, but he also expects a big correction after bitcoin tests its $30000 level. If bitcoin continues to rise, the rise will be too steep, pushing the market into overbought territory. Bitcoin’s huge price rose from $23500 to more than $27000, creating the biggest “CME gap” ever on the Chicago Mercantile Exchange (CME), which is why trading was suspended. These price differentials occur when the closing price is significantly higher or lower than the opening price before the weekend or holiday. The CME gap in recent days is the biggest in bitcoin’s history and may close soon. The gap has almost always been closed in the past, so it is likely to be corrected in the next few days to narrow it. However, it remains to be seen whether this happens quickly or becomes part of a broad correction after testing the $30000 mark.

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