Bitcoin Price Update

Bitcoin Price Update: Is Bitcoin Nearing $30,000? All eyes on Weekly Candle

The new week starts after 5 PM Eastern Time and if the weekly candle closes green, expect a pump next week as the weekend almost passed without any major dip.

The previous month, Bitcoin price update was easy to post and predict and weekends were weak on price and the rest days would stay almost green. The trend now has changed and it has turned dramatically dangerous. Looking at Bitcoin Price Chart, we can see a corner triangle and the trend is reading at the corner, a breakout is nearby. In the price chart, there is a corner triangle that will react strongly to the same side from each break, which is more likely to break from the bottom and fall.

bitcoin
TradingView

Bitcoin is holding above the $33,000 area and now trying to break the $33,800-$34,000 resistance. If BTC breaks this resistance level we will see a retest of the $35,000 area. If $33,000 is broken then the scenario is failed and we will see a retest of $31,500-$32,000 area. Bitcoin Price updates this week, as we posted, moved right as predicted. If followed the previous trend the prices should have fallen but they didn’t so, this is feeble hope, we can expect a bull run on Monday as the new week starts.

PS: Cryptocurrency is prone to high risk. DYOR before trading.

About mnmansha

MN Mansha is a cryptocurrency expert, trader, and content writer with extensive experience in covering everything related to digital assets — from price analysis to Blockchain disruption. Mansha authored 100+ stories for NewsBSC.com and other fintech media outlets and he's actively writing more every day. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

Check Also

bitcoin

Bitcoin Whales are going extinct – Report

Despite the recent uptrend, bitcoin whales appear to be declining. Citing data from Glassnode,  prominent …

Leave a Reply

Your email address will not be published. Required fields are marked *