Bitcoin Price Could Explode 10x To $310K Per BTC But There’s A Twist – On-Chain Analyst Willy Woo
Is Bitcoin Price Close To A Breakout? The largest cryptocurrency is trading at $30,760 toward the end of the Asian session on Monday. Since the recovery started in the wake of June’s drop beneath $25,000, Bitcoin price has generally sustained its position above $30,000. advertisement However, it has become increasingly difficult to push steady price movements above $31,000, let alone the upper resistance range around $32,000. Despite the snarl-up across the board, analysts believe Bitcoin price is in a position that may allow it to rally, closing the distance to $38,000 as opposed to sliding to $25,000. BTC/USD daily chart | Tradingview A buy signal from the Moving Average Convergence Divergence (MACD) indicator reinforces the bullish grip on BTC. Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read ...