- BTC breaks $30,0000 as it sets new highs in 2023, with many speculations shifting to price retesting $35,000
- BTC price flips $29,000, acting as resistance over the past month as the price rekindles its bullish momentum
After a long-awaited period of Bitcoin (BTC) price ranging for the past one month as it struggled to reclaim the region of $29,000, acting as resistance for the price of BTC as it got rejected several times to a region of $27,700 where the price formed short-term support for BTC price.
The price of BTC formed support at $27,700, holding off the price from retesting the region of $25,000, acting as an import demand zone as many buy orders have been set for the price of Bitcoin (BTC) when it drops to this region.
The price of BTC bounced from the region of $27,700 and broke past $29,000 to start a new higher high for the price as this has been a major price breakout after the price of BTC went into a long bearish trend that has left many disinterested about the market.
Ethereum Price Today
The price of Ethereum (ETH) has shown much price action in recent times as the price of ETH continues to hold above the key region of $1,700 as the price of Bitcoin (BTC) and other altcoins struggle to regain the price action.
Ethereum’s price rallied from this region to a high of $1,800 as it formed good support with hopes of rallying to a high of $2,000.
The price of ETH has reclaimed the high of $1,900 as the price could hit $2,200, acting as resistance and a region of supply for most sell orders.
Bitcoin Price Prediction For 2023
The price of BTC has shown much price action in the year 2023 as compared to the previous year of 2022, where the price of BTC saw a much price decline from a high of $69,000 to a low of $15,500 as many think this could be the longest bear market.
Bitcoin’s price has formed a strong support above $20,000 with high chances of the price never going below this region as the price could rally to a high of $35,000 and retest the region of $20,000 – $25,000 for more accumulation before its intended bull market of 2024-2025.
$35,000 would be a high BTC price of 2023 before a retest of $25,000. There are high hopes for the price of Bitcoin to reclaim its previous all-time high of $69,000 as its halving draws nearer in 2024, but the price of BTC reclaiming its all-time highs continues to look slim as $35,000 is the best opportunity for 2023.