Bitcoin price near the critical brand of $ 30,000-market participants are waiting for the breakthrough that will determine the next direction
Bitcoin price near the critical brand of $ 30,000-market participants are waiting for the breakthrough that will determine the next direction
According to experts,Bitcoin faces a potentially significant price dynamics. Michael van de Poppe, a respected cryptocurrency trading expert, has published an analysis on Twitter, which points out that Bitcoin is facing a turning point. If Bitcoin succeeds in breaking the resistance zone of $ 30,300 to $ 30,500, an upswing with robust dynamics is expected.
van de Poppe emphasizes that Bitcoin is about to reach the $ 31,000 mark again. He predicts that a breakthrough of the critical brand from $ 30,300 to $ 30,500 will lead to strengthening the entire market. Other crypto chart analysts, including Ali Martinez, share these positive views and also identify a purchase signal on the 12-hour chart.
Currently Bitcoin is traded at $ 30,210 and has a slight increase of 0.67 %in the last 24 hours. The price rose by 0.52 %last week. The market shows relative stability and Bitcoin is supported by a remarkable level of support at $ 29,417. This indicates that there is a considerable purchase interest at this price level.
From a technical point of view, Bitcoin lies above the simple, sliding 200-day average, which is considered a positive signal for the long-term development of the assets. Bitcoin recorded price gains for 14 days in the last 30 days, which corresponds to 47 % of the observed period. This also shows that there are price fluctuations and potential market volatility.The expert forecasts by Michael van de Poppe and other analysts awakens optimism among the market participants who are eagerly awaiting Bitcoin's further price development. However, it remains to be seen whether Bitcoin can actually break through the critical resistance zone and continue its upward trend.