Despite the inherent volatility of the cryptocurrency market, Bitcoin (BTC), the popular digital currency, has managed to maintain its upward trajectory and continues to trade around $28,000. This is an extremely bullish signal for Bitcoin, which has faced significant challenges in recent months due to a prolonged bearish trend.
Currently, Bitcoin is trading around $28,000, with a 24-hour trading volume of $41.4 billion. Since Tuesday, the market has been consolidating near the $27,500 level, after overcoming the $27,750 resistance. If this uptrend continues, Bitcoin is likely to head towards the $29,250 or $30,700 mark.
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