Can BTC fix above the $30,000 mark? NickSzabo4 alistairmilne Maybemore_DC WhalePanda
Bitcoin is one of the biggest gainers today, rising by 6.29%.
On the hourly chart, the price of Bitcoin is trying to fix above the $30,000 mark. At the moment, traders should pay attention to the zone around that mark. If buyers can do that, the rise may continue to the $30,600 zone. On the bigger chart, Bitcoin has started to rise after sideways trading. However, there are low chances of seeing fast growth as the price might need more time to accumulate energy.In this case, consolidation in the range of $29,500-$30,000 is the more likely scenario for the next few days.
From the midterm point of view, traders should pay attention to the $29,380 level. If buyers can hold the gained initiative, the rise may continue to the $31,000-$32,000 zone. Such a scenario is relevant until the end of the month.
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