Bitcoin's price has reached its highest point in nine months, but it was unable to sustain above $29,000 and the surge has now stopped. On March 30, BTC/USD briefly hit $29,170 on Bitstamp but then retreated to its original level. Some traders are doubtful about the durability of Bitcoin's price movement, considering this as an insignificant deviation at the top of the price range.
Bitcoin's recent surge in price to new nine-month highs has stalled as the digital asset failed to hold above $29,000. On March 30, BTC/USD spiked to $29,170 on Bitstamp before quickly dropping back to its starting point. Some traders dismiss this move as a "deviation" at range highs, prompting skepticism about the continued strength of Bitcoin's price action.