Next Cryptocurrency to Explode April 2023 – Altcoin Season Soon as Bitcoin (BTC) Consolidates Around $28,000
Join Our Telegram channel to stay up to date on breaking news coverage In 2023, the valuation of the cryptocurrency market surpassed $1.3 trillion, indicating rapid growth. This growth has resulted in the emergence of various exciting projects, which have attracted investors and led to significant price gains in both the short and long term. However, the cryptocurrency market remains highly volatile as Bitcoin (BTC) consolidates a round the $28,000 level at the start of the week. BTCUSD price Chart. Source: Tradingview.com At press time, BTC/USD hit a low of $27,607.67 but later climbed to a peak of $28,475.62. This surge brought Bitcoin closer to its recent resistance level of $28,500, broken over the weekend. Investors are closely monitoring the market, anticipating potential fluctuations in prices. The current price consolidation of Bitcoin (BTC) is attributed to the 14-day relative strength index’s (RSI’s) inability to surpass the $65.00 ceiling. ...