BTC price remains 'undoubtedly bullish' as $30K Bitcoin buyers emerge

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Still here? BTC recovers from 'aggressive' shorting at $31,500.

dispelled fears over a deeper comedown challenging Bitcoin's uptrend.

"With a lot of people talking about shorter-term pullbacks, it's important to keep the bigger picture in mind and not lose focus," he"Whether we pullback to 28k, 29k, or wherever else, this weekly chart is undoubtedly bullish . And I will be looking to bid dips."that such a pullback zone may be too"ideal," implying that those waiting for it may thus get left behind.This article does not contain investment advice or recommendations.

 

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Longer-term perspectives likewise continued the overall bullish narrative, with short-term retracements and sideways movement below resistance a necessary hurdle to overcome.

The largest cryptocurrency saw rejection at $31,500, falling below the $30,000 mark just hours later to challenge the lower part of the range.

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