After facing bearish momentum for the past couple of months, BTC is finally able to sustain above the crucial mark of $30K. Although the magnitude of the upside has been negligible since the start of June, sustainability might definitely provide a breather for altcoins too.
BTC price level is trading above both MA-10 & MA-25 which can be a positive signal. Meanwhile, there’s a positive breakout for MA-10 against MA-25. A bullish crossover above the major resistance level of $32K might bring back the much-needed positive momentum. The MACD is also supporting the hypothesis currently as the level is in the potential to bounce back above the histogram.
Overall, a resistance level of $32K will be a significant role for this week followed by $34K. On the opposite side, support levels can be placed at $30K and $28K.
BTC price level is trading above both MA-10 & MA-25 which can be a positive signal. Meanwhile, there’s a positive breakout for MA-10 against MA-25. A bullish crossover above the major resistance level of $32K might bring back the much-needed positive momentum. The MACD is also supporting the hypothesis currently as the level is in the potential to bounce back above the histogram.
Overall, a resistance level of $32K will be a significant role for this week followed by $34K. On the opposite side, support levels can be placed at $30K and $28K.
