Bitcoin price surges past $30k, Tradecurve surges 20%: What are the next targets?
Bitcoin and other cryptocurrencies are experiencing a continuous upward trend as reports of institutional interest from Wall Street’s giants circulate. After trading around $26,500 for a few days, the flagship currency has soared towards $30k. Similarly, Tradecurve’s TCRV has risen 20% within the same period.
Bitcoin (BTC) price surges past $30k
Over the past week, Bitcoin established a strong support base above the $26,000 level, with chances of a potential rally. On June 20th, the coin initiated a fresh rally by surpassing the resistance zone at $27,500. This breakthrough opened the door for a sustained upward movement, breaching the resistance at $28,000. Yesterday, Bitcoin displayed significant strength as it successfully cleared the crucial resistance zone at $29,200. With a growth of over 10%, it surged past the $30,000 resistance level.
The price of Bitcoin approached $30,800, reaching a high of around $30,794, before experiencing a minor downside correction. It briefly dropped below the $30,500 level, breaching the 23.6% Fibonacci retracement level of the recent wave extending from the swing low at $28,660 to the high at $30,794. Meanwhile, investors are referring to the current Bitcoin rally as the “BlackRock pivot.” This rally was ignited by the announcement from the world’s largest asset manager, BlackRock, about its plans for a Bitcoin exchange-traded fund (ETF), resulting in a price surge of over 20% since the announcement.
At press time, Bitcoin trades at $30,171.02, a 4.32% increase within the last 24 hours. The price has crossed both the 50-day and 200-day Simple Moving Averages. The Relative Strength Index (RSI) currently indicates an overbought position with a value of 71.11. The RSI suggests that Bitcoin’s price is likely to continue rising. Bitcoin’s next target is the resistance levels at $31,058, $32,057, and $33,455. If Bitcoin clears this level, Bitcoin will continue its rally toward $38k.
Tradecurve surges 20%: What is the next target?
Bitcoin and Tradecurve (TCRV) are currently on a bullish momentum with the latter recording a 20% price jump. TCRV outperformed Bitcoin with a 20% price jump to set a new all-time high at $0.018. However, analysts anticipate further positive price movements for the token, setting a target of $0.025 over the next week.
Tradecurve’s bullish momentum is fuelled by the increase in demand for the TCRV token on its new hybrid exchange. Market experts have predicted that as more traders flock to the Tradecurve platform, the token’s price would soar even higher. Unlike other exchanges such as KuCoin and Huobi, Tradecurve offers access to other markets like forex, stocks, commodities, and CFDs in addition to crypto. Also, the platform places a strong emphasis on decentralization, security, and user privacy, enabling investors to trade without being subjected to strict KYC requirements.
Moreover, Tradecurve provides enticing features such as protection against negative balances, bot trading, copy trading, and access to the Metaverse Trading Academy, where users can enhance their trading skills through expert guidance.
Currently, in the fourth phase, market experts have predicted that TCRV could record up to a 40% price jump in the fifth stage of its presale as more investors and traders enter the Tradecurve ecosystem.
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