Bitcoin Price Breaks Out Past $38K as Traders Demand Key Difference Between Web 1.0, 2.0, and 3.0.
Bitcoin buyer pushes BTC price past $38K as traders demand key breakout

On Nov. 24, Bitcoin (BTC) bulls kept pushing the prices to 18-month highs, as analysis suggested a surge in buyers’ interest.

Differences between Web 1.0, 2.0, 3.0 and 4.0

The differences between Web 1.0, 2.0, 3.0 and 4.0 are significant. Web 1.0 was essentially read-only, allowing users to access content but not interact with it. Web 2.0 enabled users to interact with content, such as through social media. Web 3.0, or the semantic web, allows machines to understand the data on the web and how it relates to other data. Web 4.0, or the metaverse, is a virtual space that allows users to interact in a 3D environment.

Is the Metaverse Part of Web 3.0?

No, the metaverse is not part of Web 3.0. The metaverse is the next step in the evolution of the internet, and is part of Web 4.0.

Bitcoin reaches for fresh 18-month high

Data from Cointelegraph Markets Pro and TradingView showed BTC’s price trajectory moving upwards as Wall Street opened.

The largest crypto asset saw rising momentum during the Asia trading session, which had its origins in derivatives markets.

Following the action, popular trader Skew confirmed that a single entity was likely responsible for the latest push to $38,000.

“Some buyer probably single buyer is attempting to drive the market higher here ~ clear correlation between spot & perp CVDs / Delta,” he wrote in a post on X (formerly Twitter).

Skew later revealed that the long BTC position had been closed, and as momentum started to slow, a higher high (HH) was needed on lower timeframes — beyond the current $38,000 ceiling. At the time of writing, this was underway.

Looking at the bigger picture, others were still confident that resistance levels would eventually be broken. For Michaël van de Poppe, founder and CEO of trading firm MN Trading, the focus was on the $40,000 mark.

“So far, so good on Bitcoin,” he told X subscribers.

Fellow popular trader Daan Crypto Trades meanwhile described $38,000 as the line in the sand after which “easy mode” returns to Bitcoin trading. He added that the corresponding level on Ether (ETH) was $2,150.

About turn at $40,000?

Crypto Tony, a well-known trader, proposed that $39,000 could be a short-term turning point, and some market participants agreed.

This price is of particular importance, since it would bring profits to those who bought BTC during the 2021 bull run.

In addition, Bitcoin’s Relative Strength Index (RSI) is giving bulls a reason to expect further growth.

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