The first Wall Street trading session since SVB sees BTC price jump above $23K.
This came true, with Bitcoin and altcoins benefiting from intense uncertainty surrounding bank stocks in particular as trading got underway.of two more U.S. banks was keenly felt, not just at home but in Europe, where banks also saw heavy losses.
"Massive move of Bitcoin. Now facing next resistance zone ," Cointelegraph contributor Michaël van de Poppe, founder and CEO of trading firm Eight,"Trend is back up, buying the dip on S/R flips seems the game. Resistance around $23.3-23.6K, if it stalls and consolidates -> altcoins should continue.
"The way BTC has recovered within such a short space of time just shows that the drop to ~$20000 was a Bear Trap," heFurther analysis called the uptick"phenomenal," with 18% added versus the local lows from March 10.
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