Bitcoin is a decentralized digital cryptocurrency that was created in 2009 by an anonymous person or group of people using the pseudonym Satoshi Nakamoto. It's often referred to as a form of digital gold and is the first and most well-known cryptocurrency. Bitcoin operates on a blockchain, which is a distributed ledger technology that records all transactions made with Bitcoin. It has gained significant attention and adoption as both a digital currency and a store of value, but its price can be highly volatile.
Bitcoin price sustains 2023 bull rally. This bullish move has propelled BTC past the $30,000 psychological level, currently trading around $34,152. The next hurdle that Bitcoin price will encounter is $36,294, where a potential top might form, especially if the circumstances around the spot ETF approval remain the same.
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