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Bitcoin Will Reach $30,000: Expert Says

ByLouis Adams

Feb 22, 2023
Reading time: < 1 minute

According to LookIntoBitcoin, the price of Bitcoin has reached 200 WMA near $25,100, which will allow us to count on a movement to $30,000. The last time this level was observed was shortly before the collapse of the Terra ecosystem.

A confirmation of fixing above 200 WMA will be the closing of at least two weekly candles.

The importance of this benchmark was accompanied by experts with a historical chart that demonstrates the formation of a cyclical bottom after it was tested by quotes.

Within the current phase, the price fell lower. The specialists have emphasized that a return above the metric will lead to a restoration of confidence among investors.