Bitcoin price hits $30,000 for the first time since April

BTC price gains top $30,400, marking highest levels for biggest cryptocurrency since mid-April .

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Bitcoin (BTC) rallied back to $30,000 after Wall Street opened on June 21 in a triumphant continuation of the week's gains.

BTC/USD 1-day chart. Source: TradingView

Bitcoin price destroys traces of multi-week downturn

Data from Cointelegraph Markets Pro and TradingView confirmed a new multi-month high of $30,340 on Bitstamp.

BTC price action continued to intensify throughout the day, with bulls making the most of the strength, which had come courtesy of various legacy funding announcements requesting the launch of a fund exchange-traded (ETF) Bitcoin.

In doing so, BTC/USD erased many weeks of declines, adding more than 20% from local lows below $24,800 seen on June 15.

$32,000 #BITCOIN IS A MAJOR RESISTANCE AREA ON BTC, SO THIS IS MY MAIN GOAL FOR BITCOIN

NO NEED TO GET GREEY ON THIS PUMP. WE KNOW HOW QUICKLY THINGS CAN CHANGE pic.twitter.com/mdj2YvnakW

— Crypto Tony (@CryptoTony__) June 21, 2023

As traders lined up short-term goals, the Material Indicators channel monitoring resource focused on $30,000 as an important level to overcome.

Uploading a copy of the BTC/USD order book on Binance, he noted that "resistance at $30,000 is building".

"Watching to see how much supply liquidity moves into the active trading range to serve as support," he commented.

"Don't really expect #JPow to r...