{"id":4150,"date":"2023-10-22T04:31:11","date_gmt":"2023-10-22T04:31:11","guid":{"rendered":"https:\/\/zoominfinancial.com\/markets\/crypto\/bitcoin-price-prediction-as-10-billion-sends-btc-above-30000-resistance-new-bull-market-officially-starting\/"},"modified":"2023-10-22T04:31:11","modified_gmt":"2023-10-22T04:31:11","slug":"bitcoin-price-prediction-as-10-billion-sends-btc-above-30000-resistance-new-bull-market-officially-starting","status":"publish","type":"post","link":"https:\/\/zoominfinancial.com\/?p=4150","title":{"rendered":"Bitcoin Price Prediction as $10 Billion Sends BTC Above $30,000 Resistance \u2013 New Bull Market Officially Starting?"},"content":{"rendered":"<div>\n<p>Bitcoin, the pioneering digital asset, has once again captured global attention as it surges past the formidable $30,000 resistance level. A colossal inflow of $10 billion has catalyzed this rally, signifying renewed confidence from institutional and retail investors alike.\u00a0<\/p>\n<p>With this significant breach of resistance, market analysis is heralding the onset of a fresh bull market cycle. As the world keenly observes Bitcoin&#8217;s trajectory, the overarching question remains: How high will it soar this time?<\/p>\n<h2><strong>Snapshot of Current Metrics<\/strong><\/h2>\n<p>At present, Bitcoin trades at a commendable $29,623. Digital gold has seen an impressive 24-hour trading volume of approximately $21 billion, marking an upward trend of over 3% in this timeframe.\u00a0<\/p>\n<p>Bitcoin proudly sits at the pinnacle, dominating the crypto market, holding the #1 rank on CoinMarketCap. Its live market capitalization stands at a staggering $578 billion.\u00a0<\/p>\n<p>Delving into its supply metrics, there are currently 19.52 million BTC coins in circulation, inching closer to its maximum supply cap of 21 million coins.<\/p>\n<h2><strong>Bitcoin Price Prediction<\/strong><\/h2>\n<p>Analyzing the current technical landscape for Bitcoin, we find several pivotal metrics that provide insight into its potential trajectory. The pivot point, a crucial technical level, is currently placed at $29,350.<\/p>\n<p>As we navigate the price landscape, Bitcoin encounters its immediate resistance at $30,285. Further resistances are sequentially layered at $31,075 and $31,820.\u00a0<\/p>\n<p>On the downside, the cryptocurrency has established its immediate support at $28,200. Delving deeper, subsequent support levels are discernible at $27,285 and $26,555.<\/p>\n<p>Turning our focus to technical indicators, the Relative Strength Index (RSI) stands out prominently. Currently, the RSI value for Bitcoin is at 68.\u00a0<\/p>\n<p>This is significant as an RSI value above 70 typically signifies that the asset might be in overbought territory, suggesting a potential correction in the offing.\u00a0<\/p>\n<p>On the other end of the spectrum, an RSI below 30 would indicate an oversold condition. In Bitcoin&#8217;s case, the RSI, being just shy of 70, showcases a robust bullish sentiment.<\/p>\n<p>However, traders should be on the lookout as this also implies the looming possibility of a price correction.<\/p>\n<p>Further complementing our technical analysis is the 50-day Exponential Moving Average (EMA), another critical metric. For Bitcoin, this EMA is currently valued at $28,700.\u00a0<\/p>\n<p>This indicator, along with the aforementioned metrics, provides a comprehensive view of Bitcoin&#8217;s current market position and potential future movements.<\/p>\n<h2><strong>Top 15 Cryptocurrencies to Watch in 2023<\/strong><\/h2>\n<p>Stay up-to-date with the world of digital assets by exploring our handpicked collection of the best 15 alternative cryptocurrencies and ICO projects to keep an eye on in 2023.\u00a0<\/p>\n<p>Our list has been curated by professionals from Industry Talk and <i>Cryptonews<\/i>, ensuring expert advice and critical insights for your cryptocurrency investments.\u00a0<\/p>\n<p>Take advantage of this opportunity to discover the potential of these digital assets and keep yourself informed.<\/p>\n<h2><strong>Find The Best Price to Buy\/Sell Cryptocurrency<\/strong><\/h2>\n<p><i><sup>Disclaimer: Cryptocurrency projects endorsed in this article are not the financial advice of the publishing author or publication &#8211; cryptocurrencies are highly volatile investments with considerable risk, always do your own research.<\/sup><\/i><\/p>\n<\/p><\/div>\n<p>Read the full article <a href=\"https:\/\/cryptonews.com\/news\/bitcoin-price-prediction-as-10-billion-sends-btc-above-30000-resistance-new-bull-market-officially-starting.htm\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin, the pioneering digital asset, has once again captured global attention as it surges past the formidable $30,000 resistance level. A colossal&#8230;<\/p>\n","protected":false},"author":1,"featured_media":4151,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[],"class_list":{"0":"post-4150","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-crypto"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Price Prediction as $10 Billion Sends BTC Above $30,000 Resistance \u2013 New Bull Market Officially Starting? | ZoomInFinancial<\/title>\n<meta name=\"description\" content=\"Bitcoin, the pioneering digital asset, has once again captured global attention as it surges past the formidable $30,000 resistance level. A colossal\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/zoominfinancial.com\/?p=4150\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Price Prediction as $10 Billion Sends BTC Above $30,000 Resistance \u2013 New Bull Market Officially Starting? | ZoomInFinancial\" \/>\n<meta property=\"og:description\" content=\"Bitcoin, the pioneering digital asset, has once again captured global attention as it surges past the formidable $30,000 resistance level. A colossal\" \/>\n<meta property=\"og:url\" content=\"https:\/\/zoominfinancial.com\/?p=4150\" \/>\n<meta property=\"og:site_name\" content=\"ZoomInFinancial\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-22T04:31:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/zoominfinancial.com\/wp-content\/uploads\/2023\/10\/22-3.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Press Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Press Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/zoominfinancial.com\/?p=4150#article\",\"isPartOf\":{\"@id\":\"https:\/\/zoominfinancial.com\/?p=4150\"},\"author\":{\"name\":\"Press Room\",\"@id\":\"https:\/\/zoominfinancial.com\/#\/schema\/person\/27fc0bac212db836c2d4246d4037414b\"},\"headline\":\"Bitcoin Price Prediction as $10 Billion Sends BTC Above $30,000 Resistance \u2013 New Bull Market Officially Starting?\",\"datePublished\":\"2023-10-22T04:31:11+00:00\",\"dateModified\":\"2023-10-22T04:31:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/zoominfinancial.com\/?p=4150\"},\"wordCount\":494,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/zoominfinancial.com\/#organization\"},\"articleSection\":[\"Crypto\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/zoominfinancial.com\/?p=4150#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/zoominfinancial.com\/?p=4150\",\"url\":\"https:\/\/zoominfinancial.com\/?p=4150\",\"name\":\"Bitcoin Price Prediction as $10 Billion Sends BTC Above $30,000 Resistance \u2013 New Bull Market Officially Starting? | ZoomInFinancial\",\"isPartOf\":{\"@id\":\"https:\/\/zoominfinancial.com\/#website\"},\"datePublished\":\"2023-10-22T04:31:11+00:00\",\"dateModified\":\"2023-10-22T04:31:11+00:00\",\"description\":\"Bitcoin, the pioneering digital asset, has once again captured global attention as it surges past the formidable $30,000 resistance level. A colossal\",\"breadcrumb\":{\"@id\":\"https:\/\/zoominfinancial.com\/?p=4150#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/zoominfinancial.com\/?p=4150\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/zoominfinancial.com\/?p=4150#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/zoominfinancial.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin Price Prediction as $10 Billion Sends BTC Above $30,000 Resistance \u2013 New Bull Market Officially Starting?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/zoominfinancial.com\/#website\",\"url\":\"https:\/\/zoominfinancial.com\/\",\"name\":\"Fintech Advance\",\"description\":\"Latest Finance and Tech News and Updates\",\"publisher\":{\"@id\":\"https:\/\/zoominfinancial.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/zoominfinancial.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/zoominfinancial.com\/#organization\",\"name\":\"Fintech Advance\",\"url\":\"https:\/\/zoominfinancial.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/zoominfinancial.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/zoominfinancial.com\/wp-content\/uploads\/2023\/10\/tech-logo.png\",\"contentUrl\":\"https:\/\/zoominfinancial.com\/wp-content\/uploads\/2023\/10\/tech-logo.png\",\"width\":409,\"height\":70,\"caption\":\"Fintech Advance\"},\"image\":{\"@id\":\"https:\/\/zoominfinancial.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/zoominfinancial.com\/#\/schema\/person\/27fc0bac212db836c2d4246d4037414b\",\"name\":\"Press Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/zoominfinancial.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/zoominfinancial.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png\",\"contentUrl\":\"https:\/\/zoominfinancial.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png\",\"caption\":\"Press Room\"},\"sameAs\":[\"https:\/\/zoominfinancial.com\"],\"url\":\"https:\/\/zoominfinancial.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Bitcoin Price Prediction as $10 Billion Sends BTC Above $30,000 Resistance \u2013 New Bull Market Officially Starting? | ZoomInFinancial","description":"Bitcoin, the pioneering digital asset, has once again captured global attention as it surges past the formidable $30,000 resistance level. A colossal","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/zoominfinancial.com\/?p=4150","og_locale":"en_US","og_type":"article","og_title":"Bitcoin Price Prediction as $10 Billion Sends BTC Above $30,000 Resistance \u2013 New Bull Market Officially Starting? | ZoomInFinancial","og_description":"Bitcoin, the pioneering digital asset, has once again captured global attention as it surges past the formidable $30,000 resistance level. A colossal","og_url":"https:\/\/zoominfinancial.com\/?p=4150","og_site_name":"ZoomInFinancial","article_published_time":"2023-10-22T04:31:11+00:00","og_image":[{"width":1280,"height":720,"url":"https:\/\/zoominfinancial.com\/wp-content\/uploads\/2023\/10\/22-3.jpg","type":"image\/jpeg"}],"author":"Press Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Press Room","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/zoominfinancial.com\/?p=4150#article","isPartOf":{"@id":"https:\/\/zoominfinancial.com\/?p=4150"},"author":{"name":"Press Room","@id":"https:\/\/zoominfinancial.com\/#\/schema\/person\/27fc0bac212db836c2d4246d4037414b"},"headline":"Bitcoin Price Prediction as $10 Billion Sends BTC Above $30,000 Resistance \u2013 New Bull Market Officially Starting?","datePublished":"2023-10-22T04:31:11+00:00","dateModified":"2023-10-22T04:31:11+00:00","mainEntityOfPage":{"@id":"https:\/\/zoominfinancial.com\/?p=4150"},"wordCount":494,"commentCount":0,"publisher":{"@id":"https:\/\/zoominfinancial.com\/#organization"},"articleSection":["Crypto"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/zoominfinancial.com\/?p=4150#respond"]}]},{"@type":"WebPage","@id":"https:\/\/zoominfinancial.com\/?p=4150","url":"https:\/\/zoominfinancial.com\/?p=4150","name":"Bitcoin Price Prediction as $10 Billion Sends BTC Above $30,000 Resistance \u2013 New Bull Market Officially Starting? | ZoomInFinancial","isPartOf":{"@id":"https:\/\/zoominfinancial.com\/#website"},"datePublished":"2023-10-22T04:31:11+00:00","dateModified":"2023-10-22T04:31:11+00:00","description":"Bitcoin, the pioneering digital asset, has once again captured global attention as it surges past the formidable $30,000 resistance level. A colossal","breadcrumb":{"@id":"https:\/\/zoominfinancial.com\/?p=4150#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/zoominfinancial.com\/?p=4150"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/zoominfinancial.com\/?p=4150#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/zoominfinancial.com\/"},{"@type":"ListItem","position":2,"name":"Bitcoin Price Prediction as $10 Billion Sends BTC Above $30,000 Resistance \u2013 New Bull Market Officially Starting?"}]},{"@type":"WebSite","@id":"https:\/\/zoominfinancial.com\/#website","url":"https:\/\/zoominfinancial.com\/","name":"Fintech Advance","description":"Latest Finance and Tech News and Updates","publisher":{"@id":"https:\/\/zoominfinancial.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/zoominfinancial.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/zoominfinancial.com\/#organization","name":"Fintech Advance","url":"https:\/\/zoominfinancial.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/zoominfinancial.com\/#\/schema\/logo\/image\/","url":"https:\/\/zoominfinancial.com\/wp-content\/uploads\/2023\/10\/tech-logo.png","contentUrl":"https:\/\/zoominfinancial.com\/wp-content\/uploads\/2023\/10\/tech-logo.png","width":409,"height":70,"caption":"Fintech Advance"},"image":{"@id":"https:\/\/zoominfinancial.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/zoominfinancial.com\/#\/schema\/person\/27fc0bac212db836c2d4246d4037414b","name":"Press Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/zoominfinancial.com\/#\/schema\/person\/image\/","url":"https:\/\/zoominfinancial.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png","contentUrl":"https:\/\/zoominfinancial.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png","caption":"Press Room"},"sameAs":["https:\/\/zoominfinancial.com"],"url":"https:\/\/zoominfinancial.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/zoominfinancial.com\/index.php?rest_route=\/wp\/v2\/posts\/4150","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/zoominfinancial.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zoominfinancial.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zoominfinancial.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/zoominfinancial.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4150"}],"version-history":[{"count":1,"href":"https:\/\/zoominfinancial.com\/index.php?rest_route=\/wp\/v2\/posts\/4150\/revisions"}],"predecessor-version":[{"id":4152,"href":"https:\/\/zoominfinancial.com\/index.php?rest_route=\/wp\/v2\/posts\/4150\/revisions\/4152"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zoominfinancial.com\/index.php?rest_route=\/wp\/v2\/media\/4151"}],"wp:attachment":[{"href":"https:\/\/zoominfinancial.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4150"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zoominfinancial.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4150"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zoominfinancial.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4150"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}