Bitcoin (BTC) returned above $30,000 on April 18 as volatility preceded the days Wall Street open.<\/p>\n
Data from Cointelegraph Markets Pro and TradingView followed BTC\/USD as the pair suddenly added $500, delivering daily gains of more than 3%.<\/p>\n
The pair had previously worried traders, who watched as the $30,000 support looked set to remain as longer-term resistance.<\/p>\n
Before crossing the $30,000 mark, Binance order book activity was a focus for monitoring resource Material Indicators, which identified bid liquidity moving closer to spot price.<\/p>\n
Some has already started moving closer to the active trading zone. Watching to see if more of it follows or if price drops back into the $28s to fill, part of the accompanying commentary read.<\/p>\n
A subsequent update indicated that the largest class of high-volume traders, so-called mega whales, was responsible for the upward momentum.<\/p>\n
Reacting to the latest BTC price action, Michal van de Poppe, founder and CEO of trading firm Eight, was optimistic.<\/p>\n
There we go for Bitcoin. Breaks through $30K, which means that we're back in the range, he tweeted alongside a chart showing key levels. <\/p>\n
Further volatility was meanwhile a possibility on lower timeframes ahead of the Wall Street open. <\/p>\n
Those banking on further downside were already feeling the pressure, with data from Coinglass showing $16 million of BTC short liquidations on the day.<\/p>\n
Altcoins also felt the benefit of the sudden Bitcoin turnaround, with Ether (ETH) up 2% on the day.<\/p>\n
Related:BTC price heading under $30K? 5 things to know in Bitcoin this week<\/p>\n
The largest altcoin by market cap headed back toward the top of its intraday trading range, having successfully preserved $2,000 as support.<\/p>\n
The bulls target to break remained at $2,140 from April 16, which represents ETHs highest level since May 2022.<\/p>\n
Ether's 15% gains versus Bitcoin since the Shapella upgrade have also not gone unnoticed.<\/p>\n
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Bitcoin mega whales send BTC price to $30K as volatility hits crypto - Cointelegraph<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Bitcoin (BTC) returned above $30,000 on April 18 as volatility preceded the days Wall Street open. Continue reading