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Bitcoin prices have experienced several sharp fluctuations above the fulcrum level of $28500. BTC is currently rising and showing positive signs above $28800

Bitcoin (BTC) prices have shrugged off concerns about sudden changes in long-term dormant wallets, as well as ongoing regulatory uncertainty surrounding Coinbase's lawsuit against the US Securities and Exchange Commission due to unclear encryption rules, and have rebounded strongly to a level of over $28000 for the first time in four days.This may be due to a surge in technical buying before the 50 day moving average of $27200, as well as recent support from a low point slightly above $27000

With the emergence of the world's largest digital asset Bitcoin (BTC) tank, CoinnapeSell's decline in the broader cryptocurrency market has increased by 5%, dropping below $29000. As of the time of publication, the trading price of Bitcoin has decreased by 4

The bullish BTC price forecast for 2023 is $28474.72 to $34259

Author: GregCipolaro, Global Research Director, NYDIG Compiled by WEEXBlogSummary: Bitcoin, as a non sovereign means of storing value, may be seen as an effective investment choice and hedging tool for those seeking to protect themselves from the conspiracies of politicians and monetary policymakers.Reading summary:The debate on the US debt ceiling is coming ahead of schedule due to the decline in tax revenue, which may highlight the importance of Bitcoin

Bitcoin traders' bids are much lower than those expected to rise rapidlyDue to BTC's efforts to find solid support, volatility remains lowDue to numerous influencing factors, from macroeconomic conditions to global regulatory changes, Bitcoin [BTC] has chosen to adhere to integration in the past few days. During this period, the gold coin successfully fell below $28000

According to CoinMarketCap data, the price of Bitcoin (BTC) was £ 22806 at 8:11 am this morning. Compared to yesterday's £ 21869, it increased by 4

As of early Wednesday morning, the trading price of Bitcoin was approximately $28400, an increase of approximately 3.7% within 24 hours

The CoinDesk Market Index (CMI), which tracks the performance of the broader encryption market, plummeted by 5.6% within an hour

The popular saying in the coin industry recently is' one Bitcoin is one Bitcoin '. The point of this view is that the price of Bitcoin is not important, as the supply is fixed and theoretically, it will play a role in supporting prices in the long term

Bitcoin rose above $30000 again, with a daily increase of nearly 6%. (Sina Finance)

According to cryptocurrency analysts' predictions, due to the "halving" mechanism limiting the supply of new tokens, the rebound in Bitcoin is only the beginning of a new round of upward trend, which will exceed $50000 next year.This largest digital asset has risen 67% since December 31st, partially recovering from the astonishing decline in 2022