The sustained buying is driven by unconfirmed news flying around that BlackRock’s application may be granted any time soon.
Bitcoin started the week on a high note following a slew of positive news in the market. The surge past the $31k mark is a break from the psychological barrier of $30,000.
Bitcoin opens week with a bang
The benchmark cryptocurrency opened the week with a fresh upside that comes as analysts and investors display more optimism over the near possibility of the US Securities and Exchange Commission (SEC) granting some of the pending spot Bitcoin ETF applications.
The sustained buying is driven by unconfirmed news flying around that BlackRock’s application may be granted any time soon.
The price of the coin currently trades at $32,0157 at press time, gaining over 7.1% over the last 24 hours.
The next significant resistance levels for Bitcoin, if it can maintain its current upward trajectory, are locally around $36,000 per BTC and higher at $42,000 to $48,000.
Disclaimer: CryptoPlug does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
