Bitcoin price of $ 28,000 coming?

It appears that Bitcoin may be looking up again during Asian trading hours thanks to bullish price action. The USD 25,000 price has been broken with conviction and at the time of writing, Bitcoin is trading at USD 26,100. That means the eyes can move back up to the next major hurdle, which appears to be at the $28,000 mark.

$28,000 coming up?

If you ask Markus Thielen of Matrixport, Bitcoin has a great chance to continue at the moment. “Bitcoin now has a chance to climb to the next technical level, which is at $28,000,” Thielen said.

When Thielen looks at past rallies and corrections, he sees Bitcoin making continuous $4,000 moves. First we went from $16,000 to $20,000 and then from $20,000 to $24,000.

If we get a replay of moves now, a price move to $28,000 would make the most sense for Bitcoin right now. That will also be a good development for the rest of the crypto market.

Usually you see that the rest of the market follows Bitcoin. Although most altcoins are still lagging behind Bitcoin’s explosive price action for now. Ethereum, for example, is also doing well, but is not yet as strong as Bitcoin.

Nasdaq also up

The US Nasdaq 100, the country’s tech exchange, also rose 2.6 percent on Thursday. That’s a confirmation of the bullish momentum for the tech market, which usually means Bitcoin will come along too. That is exactly what we see during the first hours of this Friday morning.

Aksel Kibar, a popular technical analyst on Twitter, shared these charts from the Nasdaq this morning. In this, we can see that the US tech stock is trying to resume its upward trend.

Everything indicates that the banking crisis in the United States, which almost spread to Europe with the problems at Credit Suisse, is an important reason for the increases. People are losing faith in traditional financial institutions and fleeing to assets like Bitcoin.

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