This analyst claims that Bitcoin reaching $30,000 is possible
Ju has pointed to the fact that most people are still underwater at current prices in response to a tweet about MicroStrategy's realized price being $30,664. The business intelligence firm recently announced that it had purchased another 480 coins., Ju predicted a"big short squeeze" last week ahead of Bitcoin's recent rally.
Earlier today, the largest cryptocurrency spiked to $23,855, the highest level since June 13. On Tuesday, Mark Newton, global head of technical strategy at Fundstrat Global Advisors, predicted that Bitcoin could potentially reclaim the $28,000 level before taking a breather. The cryptocurrency is now up by nearly 37% since hitting the local bottom of $17,592 on June 18 during a massive sell-off.
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