Bitcoin (BTC) rose to $27,200 on Tuesday. The previous day, it reached a one-month high of $27,418, but on the night of September 19, the largest digital currency began to retreat under pressure from sellers.
Today during the European session, BTC jumped back above $27,000. Solana (SOL), ether (ETH) and litecoin (LTC) are also on the rise, Bloomberg reports.
CEO of Quantum Economics Mati Greenspan emphasized that the leap above $27,000 was the result of a long consolidation of bitcoin in the range from $25,000 to $26,000.
The expert predicts that the cryptocurrency can grow to $30,000, and only after that traders will start fixing profits. According to Greenspan, a rise to $30,000 is possible if BTC rises to $28,000 in the coming days.
The rally is short-term in nature, analysts at Kaiko believe. There are no signals yet for the crypto market to enter a long-term growth phase.
The strengthening of the BTC rate this week is observed against the background of reports that the U.S. Federal Reserve may refrain from increasing the discount rate in the middle of this week.
Market capitalization increased to $1.08 trillion following the improvement in Asian and European stock markets.