BTC/USDT ~ Weekly Overview

Bitcoin experienced a week dominated by range-bound momentum. The chart illustrates a distinct consolidation range that has materialized between the price range of $30,000 and $31,000. Since the commencement of July, the price has been unable to surpass the upper boundary of the Bollinger Bands. Nevertheless, it has managed to sustain a position above the baseline, which may indicate a positive signal in the short term. In general, the resistance levels for BTC are located at 32K and 34K, whereas the support levels can be found at 30K and 28K.