Will BTC touch $34,000 by June end?

Bitcoin price has remained above the $30,000 level in the last 24 hours, trading at $30,231..

BTC has marginally recovered from the recent market crash, rising 2.3 percent in the last 14 days

For last several weeks, Bitcoin has been stuck around $28,000-$30,000 price level.

Its correlation with the traditional markets also seem to be declining recently, according to experts who say it would be good if this happens.

“Though BTC saw a slight surge, the digital asset was back trading near the $30,000 level.

Though BTC has been moving in tandem with the equities market, its correlation to the S&P 500 index has declined over the past month,”

“If the crypto markets can move away from being correlated to traditional markets, it would be a highly optimistic signal,” he added.

Bitcoin price is currently down almost 34 percent since the start of this year.

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