Crypto Trader Believes BTC Could Climb to $34K in the Next Few Days

  • Meanwhile, Santiment tweeted today that big whales have shown up on BTC’s network.
  • At press time, the price of BTC stands at $30,112.33, following a 6.29% gain.

Crypto trader Ali (@ali_charts) tweeted this morning that the price of Bitcoin (BTC) remains on track to reach $34,000 soon.

According to the tweet, BTC’s price will climb to $34,000 as long as the bullish megaphone chart pattern currently present on BTC’s chart continues to dictate the crypto’s trajectory.

Meanwhile, the blockchain analytics firm Santiment (@santimentfeed) also tweeted this morning regarding BTC. According to Santiment’s tweet, big whales have shown up on BTC’s network today. The tweet added that a total of 11 separate 22,000 BTC were moved in two simultaneous batches.

At press time, BTC’s price is trading slightly above the key $30,000 level after it gained 6.29% over the last 24 hours, according to CoinMarketCap. This 24-hour gain has boosted BTC’s weekly price performance further into the green – taking the total weekly gain to +6.55%. As a result, BTC is currently trading at $30,112.33.

In addition to strengthening against the dollar, BTC has also strengthened against Ethereum (ETH) over the last 24 hours. At press time, BTC is 3.02% up against the leading altcoin.

BTC’s price was able to reach a daily high of $30,160.48 but has since retraced to trade at its current level. Nevertheless, BTC’s price is trading closer to its 24-hour high, with its 24-hour low currently sitting at $28,189.27.

Lastly, trading volume for BTC today has spiked somewhat as BTC was able to break above the $30k mark for the first time since June last year. Currently, BTC’s daily trading volume stands at $24,246,305,465. This is a 92% increase compared to BTC’s total trading volume yesterday.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

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