Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more
BTCUSD Violates $28,000 and Could Rally to $30,000
Bitcoin has successfully broken through the significant resistance level of $28,000, marking a notable achievement after several attempts. This breakthrough was achieved yesterday, propelling the price to $30,000 before experiencing a corrective pullback to $28,000. Current market indicators suggest that Bitcoin may continue its upward trajectory, potentially aiming for the $30,000 mark.
BTCUSD Key Levels
Supply Levels: $30,000, $35,000
Demand Levels: $26,300, $28,000
Following the breach of the $28,000 resistance, the market is expected to establish stability above this level as strong buyer support becomes evident. Subsequently, BTC price is likely to make an upward move toward the $30,000 resistance, although multiple attempts may be required to surpass this significant level.
On the daily chart, the Moving Average (MA) Cross has experienced a rapid upward crossover in response to the price surge beyond $28,000. The Average True Range (ATR) reflects a sharp increase in market volatility, which provides an opportunity for buyers to target the $30,000 resistance for a potential breakout.
Market Expectations
The 4-hour chart further illustrates the heightened market volatility, as indicated by the rising ATR values. The MA Cross, crossing upward and serving as support for the candlesticks in this timeframe, signals that buyer momentum is strong. This momentum could be harnessed to drive the price toward the $30,000 level.
Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.
