Bitcoin (BTC) held $30,000 as support before the April 11 Wall Street open as fresh doubts emerged over the strength of the rally.
BTC price finally tackles $30,000 resistance cloud
Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it hit ten-month highs of $30,438 on Bitstamp.
Almost one month in the making, the final surge to $30,000 delighted many traders who considered the move to be a matter of time.
What I’m watching now pic.twitter.com/8bBheMvqT7
— K A L E O (@CryptoKaleo) April 11, 2023
Having uploaded a roadmap showing BTC/USD continuing to gain, Crypto Kaleo argued that Bitcoin was still the best investment allocation for capital, rather than cash or altcoins, at current prices.
“Bitcoin is breaking out, of course all of the USD charts are going to look decently bullish,” part of the day’s Twitter commentary stated.
“Look at the alt charts vs. BTC. I don’t see any that I like atm. Thus – while you might still be up in USD w/ some alt positions, your capital is still best allocated stacking more Bitcoin.”
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