#Bitcoin Bulls Firm, Primary Support at $30k
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.
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