The first quarter of 2023 has been a bullish one for BTC. The cryptocurrency has risen by more than 70% since the start of the year and is showing increasing signs that bullish sentiment is back in the market.
However, judging by the sudden quietness of the cryptocurrency after a whole week of non-stop bullishness, investors are starting to wonder what comes next for BTC around the $30,000 zone.
Bitcoin So Far
Earlier in March, the US Commodities Futures Trading Commission (CFTC) filed a complaint against Binance and its CEO, Changpeng Zhao, for trading violations.
This news came to light just as BTC was about to break through the $30,000 zone, and somewhat dragged down the markets.
However, the decline in BTC isn't so significant, and the cryptocurrency has returned to $28,900 after a brief decline to $26,600.
This article will examine the price action of the flagship cryptocurrency, and assess its chances of breaking through the $30,000 zone in the coming days/weeks.