The bulls may aim for the $44,800 ceiling, which hasn’t been reached since April 6.
BTC has gained 1.13 percent in the last 24 hours.
The price of Bitcoin continued to rise throughout today’s trading session as the positive trend continued.
Bitcoin surged to its highest level in 11 days, smashing the $42,500 barrier. In addition, a ten-day high was achieved by Ethereum (ETH), which was also up today.
This is the fourth day in a row that Bitcoin has risen, pushing the world’s most valuable cryptocurrency over a critical resistance level.
BTC/USD hit an intraday high of $42,709.75 earlier after hitting a low of $40,961.10 on Wednesday. Since April 10, bitcoin has achieved its highest peak. Then, prices dropped to about $40,000. The 10-day moving average is pointing upwards this time around, hinting at a potential price explosion. If such a rally occurs, the bulls may aim for the $44,800 ceiling, which hasn’t been reached since April 6.
Whale Alert examines and interprets data from many blockchains before being stored in a single standard format. Thousands of known individual addresses, exchanges, and addresses are stored in these databases, which are regularly updated with the use of artificial intelligence (AI).
An unknown whale has sent 6,018 Bitcoin from Coinbase to an unidentified wallet. A blockchain analytics and monitoring organization, Whale Alert, also said that the transaction was worth $254,646,370 USD. Crypto whales have moved hundreds of millions of dollars of ETH dollars overnight.
According to Whale Alert, the transaction took place at 10:53:22 UTC on Thursday, April 21 2022. Meanwhile, the BTC has gained 1.13 percent in the past day. According to CMC, Bitcoin price today is $41,993.69 USD with a 24-hour trading volume of $29,803,927,297 USD.