After attempts to sustain its price around the $30,000 level, Bitcoin has managed to break the resistance, trading at $31,300 with gains of almost 6% in the last 24 hours.
For Bitcoin to embark on an upward trajectory, some crypto analysts had opined that the asset needed to flip the $30,300 level to establish it for growth.
Despite the recent dip in cryptocurrencies, institutions and experts have maintained a bullish outlook.
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