29-07-2022 19:00 via newsbtc.com

Impressive Rally Puts Bitcoin Above $24,000, But Is $28,000 Still Possible?

Bitcoin has rallied once more above $24,000. This impressive rally follows an intense week where the FOMC’s announcement has basically shown that the United States is now in a recession. Investors had flocked to the bitcoin off the back of the news, causing the digital asset to surge immensely during this time. As the digital asset has beat one important technical level, it remains to see if it can beat another.
Accumulation Triggers Rally
There are a lot of factors that usually trigger a
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