The price of Bitcoin has surpassed $30,000 in June 2023, marking its highest level since mid-April. The surge past this key psychological threshold comes as legacy finance firms apply to launch a Bitcoin exchange-traded fund (ETF), fueling a return to accumulation during western trading hours.
On-chain monitoring resource Material Indicators noted that “resistance at $30k is building” and expected volatility around Jerome Powell’s testimony before the House Financial Services Committee.
Meanwhile, traders are lining up short-term targets as they turn their attention to what they consider more organic BTC price action compared to recent local highs.
Despite warnings of risks and readers being advised to conduct their own research, some experts believe that this Bitcoin move is “the real deal” and may continue.