Bitcoin’s bullish trend broke the $25,000 barrier. Simon Peters, Expert Analyst in Crypto Assets of the eToro platform, shared his vision on this topic with Cointelegraph in Spanish.
The expert said:Bitcoin has today broken the barrier of 25,000 dollars, a level that has proven to be quite resilient in recent months. Though this resistance has been brokenIn my opinion it is too soon to say that we are out of danger. There is still a lot of uncertainty surrounding inflation, rate hikes and the direction the Federal Reserve will take, not to mention the development of the situation around the SVB”.
Peters also explained: “Today’s price movement above the $25,000 level seems to have been due to US CPI data., which has largely coincided with analysts’ forecasts. It may have also been fueled by the unwinding of short futures positions, which in turn has added more buying pressure.”.
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