Bitcoin hits year-to-date high as it breaks $29k

[Crypto Marketing]

Bitcoin smashed through a historically tough resistance of $28,700 to hit year-to-date highs of over $29,200.

Bitcoin is now up 70% in the past 3 months. It looks like this year is going to be a better year for crypto than 2022!

$40M in shorts has been liquidated in less than an hour.

 

[potah]

This is a great news!

 

[Don Goldstein]

Clownmarket/clowncoin/clownhorseshit/clownmoney/clownindustry/clowncasino - I am sick of this bullshit. There are too many brainless scumbags in crypto…

 

[Ahmed Al Banna]

Clownmarket/clowncoin/clownhorseshit/clownmoney/clownindustry/clowncasino - I am sick of this bullshit. There are too many brainless scumbags in crypto…

Do you need a hug? Why you mad bro?

 

[onlinemarketer12]

What is the reason behind this sudden pump ?

 

[Don Goldstein]

What is the reason behind this sudden pump ?

eth whales are pumping the market, so they can dump their eth coins that will be unlocked tomorrow.

 

[adversary3]

love to see this still am unsure on if we are in a bear market though

 

[Crypto Marketing]

Bitcoin breaks above $30K for first time since June 2022!

 

[Lastchance55]

Heavy correction is due. It is going up and up from 20k onwards. We need a retrace which is healthy for BTC so it can move above 30k or so. It can't go up forever. It has to come down sooner or later.

 

[DrBitcoin]

$40M in shorts has been liquidated in less than an hour.

that was probably the reason it pumped

 

[Lastchance55]

that was probably the reason it pumped

Indeed. When everyone expects a retrace, BTC usually moves in the opposite direction. Best time to short BTC is when retail and newbies start to buy aggressively and when every other people starts to talk about BTC. It is when market maker and whales dumps BTC.

 

[seomaster5]

It is moving above that mark now and last 24 hours also had 5 % increase. Is some major news responsible for this ?