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Bitcoin traders hope to 'buy the dip' as BTC price heads toward $30K

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Bitcoin traders are ready to buy the dip as BTC inches toward $30,000.

“We're heading there, will look for reaction from that level,” heFellow trader Jelle meanwhile looked for an opportunity to “buy the dip” nearer $28,000 —“As Bitcoin's daily bearish divergence plays out, I see a potential hidden bullish divergence shaping up,” he“If this ends up as just a shallow pullback, that

could just provide the juice we need to break through $32,000 once and for all.”BTC/USD annotated chart with RSI. Source: Jelle/TwitterThere was little sign of panic despite the lack of upside momentum.Trader and analyst Rekt Capital, following a strong monthly close, called intraday performance"nothing to panic about."

 

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BTC price action continued a sideways trading pattern within a larger range in place practically since mid-June. With no discernible progress toward breaking topside resistance, Bitcoin traders hoped that a sweep of the lows would provide the fuel bulls needed.

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