Past Performance of Bitcoin
Bitcoin prices are steady and bullish despite the contraction on July 4. Overall, the $31.3k remains a critical buy trigger level. For the uptrend of June's last few trading days to continue, there must be a comprehensive, high-volume close above this level. Even so, aggressive traders could find entries to load on dips above $30k in the days ahead.
#Bitcoin Technical Analysis
BTC prices broke higher on July 3, but buyers failed to maintain yesterday's uptrend. At this pace, the uptrend remains despite the losses. Technically, in a bullish formation led by the July 3 bar following consolidation, traders can look to buy the dips above $30k with targets at $31.3k and later $32.5k. Conversely, conservative traders can wait for a clean break above April highs while targeting $32.5k or $35k. Any loss below $30k will slow down buyers, and BTC could drop toward $28.3k in a cool-off.
What to Expect from #BTC?
Buyers are upbeat, but this can change if BTC continues falling today. The uptrend remains, but there can be more gains above $31.3k in future sessions, validating the June 21 and 23 bull bars.
Resistance level to watch: $31.3k
Support level to watch: $30k
Disclaimer: Opinions expressed are not investment advice. Do your research.
Bitcoin prices are steady and bullish despite the contraction on July 4. Overall, the $31.3k remains a critical buy trigger level. For the uptrend of June's last few trading days to continue, there must be a comprehensive, high-volume close above this level. Even so, aggressive traders could find entries to load on dips above $30k in the days ahead.
#Bitcoin Technical Analysis
BTC prices broke higher on July 3, but buyers failed to maintain yesterday's uptrend. At this pace, the uptrend remains despite the losses. Technically, in a bullish formation led by the July 3 bar following consolidation, traders can look to buy the dips above $30k with targets at $31.3k and later $32.5k. Conversely, conservative traders can wait for a clean break above April highs while targeting $32.5k or $35k. Any loss below $30k will slow down buyers, and BTC could drop toward $28.3k in a cool-off.
What to Expect from #BTC?
Buyers are upbeat, but this can change if BTC continues falling today. The uptrend remains, but there can be more gains above $31.3k in future sessions, validating the June 21 and 23 bull bars.
Resistance level to watch: $31.3k
Support level to watch: $30k
Disclaimer: Opinions expressed are not investment advice. Do your research.
