Bullish or bearish on Bitcoin? Here are some BTC price levels to watch from DaanCrypto.
Bitcoin faces a new battleground as bulls and bears fight for control of a sideways market, one popular trader says.on X on Aug. 11, Daan Crypto Trades flagged a key level to reclaim as BTC price support.With BTC price breakouts continually failing, both Bitcoin bulls and bears are caught in a “strongly contested” range, Daan Crypto Trades summarized.The status quo has essentially remained the same since mid-June — $28,500 as fundamental support, $31,800 as resistance.
Gaining control of the area around $29,700 is thus an essential move if bulls are to build the necessary momentum to change the landscape for good. “Pretty clear that the $29.5–29.7K region is an area that’s strongly contested by the bulls and bears,” Daan Crypto Trades wrote.An accompanying chart showed BTC/USD nonetheless fighting to return above the range low, with little significant historical support lines between $28,500 and $29,500., these likewise focusing on $28,500 or slightly lower as a downside target.
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