According to IntoTheBlock, Bitcoin (BTC) is now targeting $30,000, but there’s a catch

Yuri Molkhan

According to recent reports, the world’s leading digital currency could soon hit $30,000 unless the following happens

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A recent tweet from agency IntoTheBlock reveals data about it

The next milestone for Bitcoin, according to IntoTheBlock, is likely to be $30,000. According to the screenshot shared in the tweet, a whopping 6.2 million wallets bought about 2.6 million bitcoin between the current bitcoin price level and $30,000. These green and red “bubbles,” according to IntoTheBlock, could move in either direction, pushing the BTC price up or down.

If bearish sentiment in the market increases, it could “ignite a rush to breakeven” and increase Bitcoin sales volume. Should bullish momentum nevertheless apply and be strong, such as in the case of the approval of a future bitcoin spot ETF, bitcoin could surge north towards the $30,000 price level.

Elon Musk debunks ‘X-Coin’ rumors – could be a win for Bitcoin

Elon Musk, owner of the app

Musk commented on a tweet from the “Dogecoin designer” which said: “𝕏 will not launch any 𝕏 coin. The team is more focused on getting real money to work with the app than any replacement currency,” Musk explained, “right.”

Still, Musk’s platform has secured licenses to process crypto payments in at least half a dozen U.S. states this year. The youngest specimen was acquired for the state of Rhode Island on August 28th.

On August 30, investor Jeroen Blokland posted a tweet commenting on the fact that Twitter Payments LLC had received a license in another state. He assumed that the X app intends to implement cryptocurrency payments. “While Elon Musk might be thinking about Dogecoin, I’m thinking about Bitcoin,” he added.

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