Bitcoin’s price increased by 34% in the past 30 days and 20% in the past seven days. At press time, Bitcoin was 68% below its all-time high of almost $69,000, reached in November 2021. However, the latest advances suggested a strong comeback after a lackluster 2022.was trading at over $22,800. This represented an increase in value of almost 40% from the start of the surge.
Analyzing the chart closely also revealed that BTC was attempting to create a support level around the $20,000 mark.In addition, the coin was experiencing a bull run per the Relative Strength Index . The RSI reading was over 70, indicating overbought conditions; it was there since the beginning of the rise on 11 January. As whales become more active, prices may continue to increase and remain in the overbought zone.
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