Do something, Bitcoin! BTC traders can't decide whether $30,000 will stay.
Others eyed downside potential in the face of stubborn resistance. Among them, trader Crypto Tony repeated calls for a trip to $28,000.“We are against the $31,000 resistance zone, so unless we take it out i expect us to draw down to $28,000 for a reload option from the bears. Much prefer if we just pump though this week.”, after a final leg higher.Meanwhile, the June monthly close had produced a significant move for Bitcoin on monthly timeframes.
AVWAP looks at important support and resistance levels based on trader behavior, and the close above $30,000 marked a resurgence not seen in two years.
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