BTC, the world’s leading cryptocurrency, has made its way onto CoinMarketCap’s trending list over the last 24 hours, currently occupying the number 6 position on the list. The digital asset’s price has increased by 3.42% over the last 30 days, recovering from its rough week last week and flipping its weekly performance into the green at +0.03%.
An interest was also spiked by the influencer Sydney TheCMO.eth on twitter for this prediction,
BTC’s price has recovered from last week’s slump and is now up 8.1% in the last 24 hours. Keep an eye out for a break above $21,300 and potential long positions, as predicted by trader Michael van de Poppe. #BTC #trading #investing
— Sydney TheCMO.eth (@SydneyIfergan) March 13, 2023
According to CoinMarketCap, BTC’s market cap currently stands at $433,107,938,357. The cryptocurrency’s dominance in the market has also increased by 0.47% over the last 24 hours, bringing its dominance to 42.27% at press time.
Renowned crypto trader Michael van de Poppe recently tweeted that he did not trade over the weekend, but sees continuation plays present on BTC’s chart. He added that there may be temporary relief for BTC’s price in the coming days due to recent QE and bailout measures for banks, as well as potential for good CPI and no more interest rate hikes, which could act as fuel for BTC’s price.
Van de Poppe also stated that a break above $21.3k is crucial for BTC, and he will be looking to enter into a long position with the cryptocurrency expecting an upside target of $23.7k.
At press time, BTC’s price is up 9.21% over the last 24 hours according to CoinMarketCap, triggering van de Poppe’s long entry with the cryptocurrency’s price standing at $22,436.66. BTC has also strengthened against the altcoin leader, Ethereum (ETH) by 0.12%.
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