(7/22, Thu) btc fortunately rebounded over 30k and closed +7.8% up

Yesterday(7/21 00:00 - 24:00, UTC+0), bitcoin price recorded its starting as $29779, its lowest as $29492, its highest as $32828, its closing as $32105. Bitcoin started falling on Wednesday, reaching a low at 01:15, then rebounding, breaking through the $30,000 at 04:15 with a large buy volume, and again breaking through the $31,000 at 09:45 with a large buy volume, and breaking through the $32,000 at 16:15, peaking at 18:00, and closing a final 7.8% gain.

Bitcoin, which was thought to head towards $25,000 until the previous day, succeeded in rebounding in one day, and there are probably three reasons for this. First, the stock market rose as the preference for safe assets in the financial market softened. Second, a kind of buying came in to induce stop loss of Bitcoin futures and options investors targeting $20k . Third, yesterday’s The results of the discussion between Elon Musk, Jack Dorsey and Cathie Wood at the B word conference reassure crypto investors.

In this discussion, Musk seems to have sent a good message to cryptocurrency investors by saying that in addition to Tesla, he and another owned company, SpaceX, also hold bitcoin, and that he will not sell the bitcoins he and his company owns.

Square's owner Jack Dorsey said he wanted to create a decentralized financial service using cryptocurrencies, and Cathie Wood of Ark Invest. said Bitcoin could help hedge against excessive inflation that is happening in many countries where the value of the currency has fallen by more than 50% within short period.

For whatever reason, Bitcoin, which returned above 30k within a day after falling, only needs a large buy volume and some good news to break through the top of the box at 35k.