Altcoins rally while Bitcoin bulls are thwarted by resistance at $34K

Bitcoin’s (BTC) tumble below $30,000 was short-lived as the top cryptocurrency found a new wave of support, including a $10 million ‘buy the dip’ moment from MicroStrategy.

Data from Cointelegraph Markets and TradingView shows the strong inflows have helped lift BTC 4.92% to a daily high at $33,866.

Daily cryptocurrency market performance. Source: Coin360
4-hour chart. Source: TradingView