Bitcoin spikes above $27K as banking concerns push investors to safe-haven assets Bitcoin BTC Bitcoinprice
- The crypto market was able to overcome the struggles it faced the past two days to push higher in trading on Friday as digital assets have gained new favor with investors looking for an escape hatch from the rapidly deteriorating global banking system.
Data from TradingView shows that Bitcoin bulls took charge of the price action from the opening candle on Friday, pushing the top crypto to a daily high of $27,180 before it corrected to support at $27,000, marking a 8.2% gain on the 24-hour chart.The morning BTC update from Kitco senior technical analyst Jim Wyckoff noted that “April Bitcoin futures prices are higher and hit a contract high in early U.S. trading Friday.
As the top crypto now looks to generate momentum to launch from support at $27,000, market analyst Michaël van de Poppe suggested that as long as BTC can hold above $26,000, it should be able to climb to $28,000 in relatively short order. Otherwise, $25,000 was identified as a good place to place a lowball order for a long.Needs to hold $26K. If that holds, $28-30K is next.Relatively easy to understand. pic.twitter.
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