BREAKING: Bitcoin (BTC) Price Hit $30,000 Exactly After 10 Months

Bitcoin price has finally hit $30,000. In the last 24 hours, the BTC price soared 6% to a 10-month high to hit the $30,000 psychological level at around 00:30 UTC on April 11.

Interestingly, the Bitcoin price rally has come exactly after 10 months as it was trading at $30,000 on June 10 last year. Bitcoin price has retraced from the $30,000 and is currently trading at $30,146. The 24-hour low and high are $28,189 and $30,200.

CoinGape Media first reported that Bitcoin price to hit $30,000 this week in another massive move. Technical, macro, and on-chain analysis indicated an upcoming bullish breakout.

Several notable analysts including Willy Woo, Michael van de Poppe, and Ali Martinez also pointed out macro indicators and on-chain data hinting at massive price movement this week.

Bitcoin Macro Index crossed above the key level that indicated the “re-accumulation” phase of the Bitcoin cycle. Bitcoin Adjusted SOPR (aSOPR) (90d) on-chain metric moved above 1, which signals a bull market. In 2015, 2019, and 2020, it led to 6,110%, 150%, and 579% gains respectively. aSOPR recently moved above 1 suggesting BTC readies to go parabolic.

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