* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Saturday, May 10, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Flutter Entertainment eyes U.S. prediction markets amid growing interest – Sports Business Journal

    Flutter Entertainment Sets Its Sights on U.S. Prediction Markets as Interest Soars

    SXSW Rom-Com ‘I Really Love My Husband’ Acquired for U.S. Release – Variety

    Heartfelt Romance: ‘I Really Love My Husband’ Set to Captivate U.S. Audiences!

    Georgia Entertainment CEO says large-scale production is slowing down – Decaturish

    Georgia Entertainment CEO Warns of Slowdown in Large-Scale Productions

    Zugalu Entertainment Welcomes Crimson Herring Studios to Its Family!

    Fall 2025 TV Schedule: Your Guide to the Complete Lineup – Wyoming News Now

    Get Ready for Fall 2025: Your Ultimate Guide to the Exciting TV Lineup!

    Blackstone River Theatre presents music from Scotland with Cantrip – The Valley Breeze

    Experience the Enchanting Sounds of Scotland: Cantrip Takes the Stage at Blackstone River Theatre!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Harnessing emerging technologies to power a small business – The Oaklandside

    Unlocking Success: How Emerging Technologies Can Transform Your Small Business

    Artificial intelligence (AI) – The Guardian

    Unlocking the Future: How Artificial Intelligence is Transforming Our World

    Technology Innovation to Take Center Stage at The 2025 National Restaurant Association Show – Restaurant Technology News

    Get Ready for a Tech Revolution: The 2025 National Restaurant Association Show Unveils Cutting-Edge Innovations!

    Newmont signs deal to use Chrysos Corporation technology – Capital Brief

    Newmont Partners with Chrysos Corporation to Revolutionize Mining Technology

    Air Force Invests in Whisper’s Ultraquiet Propulsion Technology – FLYING Magazine

    Air Force Invests in Whisper’s Ultraquiet Propulsion Technology – FLYING Magazine

    Trump administration set to overhaul Biden’s AI chip export regulations – TechHQ

    Trump administration set to overhaul Biden’s AI chip export regulations – TechHQ

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Flutter Entertainment eyes U.S. prediction markets amid growing interest – Sports Business Journal

    Flutter Entertainment Sets Its Sights on U.S. Prediction Markets as Interest Soars

    SXSW Rom-Com ‘I Really Love My Husband’ Acquired for U.S. Release – Variety

    Heartfelt Romance: ‘I Really Love My Husband’ Set to Captivate U.S. Audiences!

    Georgia Entertainment CEO says large-scale production is slowing down – Decaturish

    Georgia Entertainment CEO Warns of Slowdown in Large-Scale Productions

    Zugalu Entertainment Welcomes Crimson Herring Studios to Its Family!

    Fall 2025 TV Schedule: Your Guide to the Complete Lineup – Wyoming News Now

    Get Ready for Fall 2025: Your Ultimate Guide to the Exciting TV Lineup!

    Blackstone River Theatre presents music from Scotland with Cantrip – The Valley Breeze

    Experience the Enchanting Sounds of Scotland: Cantrip Takes the Stage at Blackstone River Theatre!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Harnessing emerging technologies to power a small business – The Oaklandside

    Unlocking Success: How Emerging Technologies Can Transform Your Small Business

    Artificial intelligence (AI) – The Guardian

    Unlocking the Future: How Artificial Intelligence is Transforming Our World

    Technology Innovation to Take Center Stage at The 2025 National Restaurant Association Show – Restaurant Technology News

    Get Ready for a Tech Revolution: The 2025 National Restaurant Association Show Unveils Cutting-Edge Innovations!

    Newmont signs deal to use Chrysos Corporation technology – Capital Brief

    Newmont Partners with Chrysos Corporation to Revolutionize Mining Technology

    Air Force Invests in Whisper’s Ultraquiet Propulsion Technology – FLYING Magazine

    Air Force Invests in Whisper’s Ultraquiet Propulsion Technology – FLYING Magazine

    Trump administration set to overhaul Biden’s AI chip export regulations – TechHQ

    Trump administration set to overhaul Biden’s AI chip export regulations – TechHQ

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Bitcoin Aims for Higher Market Dominance as it Touches $28K! Here’s the Next Level for BTC Price

June 21, 2023
in Business
Bitcoin Aims for Higher Market Dominance as it Touches $28K! Here’s the Next Level for BTC Price
Share on FacebookShare on Twitter

The path Bitcoin has traversed to reach the landmark figure of $28K can best be described as a thrilling roller coaster journey. An upswing in its market dominance has parallelled this significant rise in Bitcoin’s value. As Bitcoin hits this pivotal price point, it has not only rekindled investor interest but also sparked debates about the next potential price milestone for Bitcoin. The cryptocurrency’s ability to break through multiple resistance levels has prompted investors to establish long positions as they speculate on Bitcoin’s next upward trajectory.

Bitcoin Sets New Milestones With Its Meteoric Rise 

Bitcoin’s supremacy in the crypto market is rapidly approaching a significant landmark, signaling a potential shift in market sentiment towards the pioneer digital currency.

This metric, which juxtaposes Bitcoin’s market capitalization with the aggregate value of all cryptocurrencies, has bounced back above the 50% mark and is on course to reach an even higher level.

Data from the blockchain analytics company, Santiment, reveals that since the beginning of June, whales have invested approximately $3.5 billion in the digital asset, signifying intense whale accumulation amid BTC’s recovery rally.  

On-chain data from Glassnode indicates a decline in Bitcoin’s realized profit and loss, mirroring its turbulent price action in 2023 and struggles around the $26,000 mark. This drop, similar to October 2020 levels, suggests a bullish outlook as reduced selling pressure and a decrease in market supply could allow for price rebound and demand growth. 

The last such dip in 2020 initiated a bull market, with Bitcoin’s value soaring from $11,000 to over $30,000 within months. Bitcoin could potentially touch above $40,000 within a month if history repeats, assuming sustained bullish momentum.

What’s The Next High After $28K?

For the past few weeks, Bitcoin has been undergoing a correction within a downward channel pattern. The 20-day EMA at $26,788 is leveling off, and the RSI has reached the overbought region, suggesting a potential decrease in selling pressure. Buyers will likely attempt to drive the price towards the next resistance line, a crucial point for bears to maintain, as a breach could initiate a new upward trend.

As of writing, BTC price trades at $27,900, surging over 3.6% in the last 24 hours. If Bitcoin now witnesses further buying pressure and breaks above $28,377, it may surge higher and reach final resistance at $29,887, a level that sellers will try to defend. 

On the other hand, if the price faces turmoil near $28K and experiences a selloff, it would imply that bears are persistently selling during rallies. Consequently, Bitcoin’s price may revisit the robust support zone between $25,650 and $24,800.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Coinpedia – https://coinpedia.org/bitcoin/bitcoin-aims-for-higher-market-dominance-as-it-touches-28k-heres-the-next-level-for-btc-price/

Tags: BitcoinbusinessHigher
Previous Post

Top Altcoins That May be the Next 100x Gems of the Crypto Space

Next Post

No Bitcoin Bull Market in 2023; BTC Price to Mark New ATH in 2025

‘Active Management’ Harms Forests — And It’s About to Get a Whole Lot Worse – The Revelator

‘Active Management’ Harms Forests — And It’s About to Get a Whole Lot Worse – The Revelator

May 10, 2025

Unlocking the Future: How Innovation Funds Propel Breakthroughs in AI, Bioengineering, and Materials Science

May 10, 2025
Talking Animals: Veteran science journalist Stephen S. Hall recounts reporting and research that yielded Slither, singular book on snakes – WMNF 88.5 FM

Unraveling the Secrets of Snakes: A Journey with Veteran Science Journalist Stephen S. Hall

May 10, 2025
Lifestyle Lookout: Mother’s Day brunch in Bellingham, Big Jam Stories in Ferndale and The Spring Wine Walk – My Bellingham Now

Unforgettable Mother’s Day Brunch, Big Jam Stories, and the Spring Wine Walk: Exciting Events in Bellingham and Ferndale!

May 10, 2025
WCK Forced to Halt Cooking in Gaza as Supplies Run Out – World Central Kitchen

World Central Kitchen Suspends Operations in Gaza Amid Supply Crisis

May 10, 2025
China Reacts to Trump Claims About ‘Suffering’ Chinese Economy – Newsweek

China Responds to Trump’s Claims of Economic Struggles: What You Need to Know

May 10, 2025
Flutter Entertainment eyes U.S. prediction markets amid growing interest – Sports Business Journal

Flutter Entertainment Sets Its Sights on U.S. Prediction Markets as Interest Soars

May 10, 2025
Optimizing Human Health On Earth And In Space – Texas A&M Today

Optimizing Human Health On Earth And In Space – Texas A&M Today

May 10, 2025
Rep. Marjorie Taylor Greene says she won’t run for U.S. Senate – NBC News

Marjorie Taylor Greene Declares She’s Not Entering the Senate Race!

May 10, 2025
Harnessing emerging technologies to power a small business – The Oaklandside

Unlocking Success: How Emerging Technologies Can Transform Your Small Business

May 10, 2025

Categories

Archives

May 2025
MTWTFSS
 1234
567891011
12131415161718
19202122232425
262728293031 
« Apr    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (597)
  • Economy (608)
  • Entertainment (21,521)
  • General (15,210)
  • Health (9,650)
  • Lifestyle (613)
  • News (22,149)
  • People (611)
  • Politics (615)
  • Science (15,830)
  • Sports (21,118)
  • Technology (15,598)
  • World (598)

Recent News

‘Active Management’ Harms Forests — And It’s About to Get a Whole Lot Worse – The Revelator

‘Active Management’ Harms Forests — And It’s About to Get a Whole Lot Worse – The Revelator

May 10, 2025

Unlocking the Future: How Innovation Funds Propel Breakthroughs in AI, Bioengineering, and Materials Science

May 10, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version