If it happens near the resistance, there is a chance to see an impulse to the $30,200 zone and above.On the daily time frame, the price of Bitcoin is rather more bearish than bullish as the rate is on its way to testing the support level once again.
If buyers cannot seize the initiative, closure below the $30,000 area may be a prerequisite for a continued fall to the $29,000 mark.From the midterm point of view, is it too early to make any predictions as neither bulls nor bears have seized the initiative yet. If the situation does not change, sideways trading in the range of $29,000-$30,000 is the more likely scenario for the next few weeks.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin, Ethereum Technical Analysis: BTC, ETH Continue to Consolidate, Following Recent Gains – Market Updates Bitcoin NewsBitcoin started the week trading around the $30,000 mark, as the cryptocurrency market continued to consolidate following last week's gains.
Source: BTCTN - 🏆 531. / 51 Read more »
Bitcoin 'full breakout' not here yet as BTC price spends month at $30KBitcoin suffers a lack of momentum with BTC price targets focusing on the 200-week moving average.
Source: Cointelegraph - 🏆 562. / 51 Read more »
Price analysis 7/17: SPX, DXY, BTC, ETH, XRP, BNB, SOL, ADA, DOGE, MATICThe onus is on the bulls to sustain Bitcoin above $30,000 or a short-term correction could begin, pulling most altcoins lower.
Source: Cointelegraph - 🏆 562. / 51 Read more »
Bitcoin bulls battle to reclaim $30K amid BTC price RSI 'reset'Bitcoin traders line up lower range targets as BTC price slips from $30,000. scottmelker Little sign of upward momentum and a waning relative strength index (RSI) offered little hope for those seeking a return to range highs. Traders continued to offer downside targets extending to $27,000, while longer timeframes now also looked increasingly fragile.
Source: Cointelegraph - 🏆 562. / 51 Read more »
Bitcoin price is ‘stuck’ at $30K — Here are 3 reasons whyBitcoin analyst offers three reasons why BTC price action is so boring. cryptoquant_com Bitcoin miners caught attention this quarter as BTC prices rise and boost revenues. Axel Adler, cryptoquant_com contributor, thinks miners cash out BTC holdings to cover costs before 2024 block reward reduction, affecting price now.
Source: Cointelegraph - 🏆 562. / 51 Read more »