Can BTC reach the $30,000 mark next week? NickSzabo4 alistairmilne Maybemore_DC WhalePanda maxkeiser
The rate of Bitcoin has risen by 0.54% over the last 24 hours.
On the hourly chart, the rate of Bitcoin is returning to the recently formed support level at $28,373. If the seller pressure continues, the breakout may lead to a sharp drop to the $28,000 zone. On the bigger time frame, the rate of Bitcoin is unable to return to the resistance at $28,939. If the situation remains the same, there is a high chance to see a decline to the middle of the channel, to around the $27,500 area.From the midterm point of view, the price of BTC is trying to fix above the resistance at $28,474. If the bar closes with no wicks and closer to the $29,000 mark, one can expect a test of the important area of $30,000 shortly.
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