Here’s Why the Bitcoin price Can Reach $30k in 2022
Join Our Telegram channel to stay up to date on breaking news coverage Bitcoin has been on an impressive rally after 7% gains over the past two days. At the time of writing, Bitcoin was trading at $20,592. As traders get excited about a possible bull run as the year ends, there is a possibility that Bitcoin could head to $30K. Bitcoin price analysis During the past 24 hours, Bitcoin has traded between $20,430 and $20,938, indicating a spike in volatility. Over the past few weeks, Bitcoin’s volatility has been notably low, with the Bitcoin Volatility Index dropping to multi-year lows. However, volatility has spiked, as seen in the chart below, showing that the coin could be in for significant swings. Bitcoin is currently holding a crucial level of $20,500. If it retraces below this level, $20K will likely be tested again. Bitcoin will likely plunge again to the $20K levels if this support level fails to hold. Nevertheless, there are top reasons that could see Bitc...