Bitcoin (BTC) rose above $30,000 on April 18, erasing intraday losses and delivering daily gains of over 3%. The increase followed concerns over $30,000 support remaining as resistance. Before crossing the $30,000 mark, Binance order book activity was the focus for monitoring resource Material Indicators, which identified bid liquidity moving closer to spot price. The largest class of high-volume traders, or "mega whales," was responsible for the upward momentum. Further volatility was a possibility on lower timeframes ahead of the Wall Street open, with $16 million of BTC short liquidations on the day. Michaël van de Poppe, founder and CEO of trading firm Eight, was optimistic, stating that a retest at $29.7K would suit continuation towards new highs and towards $40K.
(By WILLIAM SUBERG)
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