Bitcoin's Psychological 30K: Uncertainty and Potential
Bitcoin has reached the psychological barrier of 30K, likely triggering a temporary pullback to around 28K.
At 28K, uncertainty arises: a strong climb to 32K is expected if bullish momentum persists, while falling below 28K could test the 25,800 support level. On the Weekly, the scenario is still bullish though, but starts to weak a bit.
PS: I'm happy to see that the price didn't fall under the 25K support, and climbed as stated in my previous posts. But for now, I would say there is a little slowdown in the bull movement. I hope it is just local and temporary. We need extra candles to be more sure of the bullish strength, if it will last or not (even if there was the sudden surge which reached 30K). My bullish goal is 49K, but it's really far from now.
At 28K, uncertainty arises: a strong climb to 32K is expected if bullish momentum persists, while falling below 28K could test the 25,800 support level. On the Weekly, the scenario is still bullish though, but starts to weak a bit.
PS: I'm happy to see that the price didn't fall under the 25K support, and climbed as stated in my previous posts. But for now, I would say there is a little slowdown in the bull movement. I hope it is just local and temporary. We need extra candles to be more sure of the bullish strength, if it will last or not (even if there was the sudden surge which reached 30K). My bullish goal is 49K, but it's really far from now.