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- Crypto trader Ali tweeted that BTC may climb to $34K soon if the current trajectory holds.
- Meanwhile, Santiment tweeted today that big whales have shown up on BTC’s network.
- At press time, the price of BTC stands at $30,112.33, following a 6.29% gain.
Crypto trader Ali (@ali_charts) tweeted this morning that the price of Bitcoin (BTC) remains on track to reach $34,000 soon.
BTC’s daily chart (Source: TradingView)
According to the tweet, BTC’s price will climb to $34,000 as long as the bullish megaphone chart pattern currently present on BTC’s chart continues to dictate the crypto’s trajectory.
Meanwhile, the blockchain analytics firm Santiment (@santimentfeed) also tweeted this morning regarding BTC. According to Santiment’s tweet, big whales have shown up on BTC’s network today. The tweet added that a total of 11 separate 22,000 BTC were moved in two simultaneous batches.
At press time, BTC’s price is trading slightly above the key $30,000 level after it gained 6.29% over the last 24 hours, according to CoinMarketCap. This 24-hour gain has boosted BTC’s weekly price performance further into the green – taking the total weekly gain to +6.55%. As a result, BTC is currently trading at $30,112.33.
In addition to strengthening against the dollar, BTC has also strengthened against Ethereum (ETH) over the last 24 hours. At press time, BTC is 3.02% up against the leading altcoin.
BTC’s price was able to reach a daily high of $30,160.48 but has since retraced to trade at its current level. Nevertheless, BTC’s price is trading closer to its 24-hour high, with its 24-hour low currently sitting at $28,189.27.
Lastly, trading volume for BTC today has spiked somewhat as BTC was able to break above the $30k mark for the first time since June last year. Currently, BTC’s daily trading volume stands at $24,246,305,465. This is a 92% increase compared to BTC’s total trading volume yesterday.
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