Bitcoin held $30,000 as support before the April 11 Wall Street open, hitting ten-month highs of $30,438 on Bitstamp. Despite the final surge to $30,000 delighting many traders, fresh doubts emerged over the strength of the rally. Some analysts warned of a "bearish divergence" between spot price and relative strength index (RSI) on the daily chart, and a "triple bearish divergence" with on-balance volume (OBV). However, others dismissed the bearish divergence thesis, with one popular trader arguing that Bitcoin was still the best investment allocation for capital, rather than cash or altcoins, at current prices.

(By WILLIAM SUBERG)