Bitcoin Traders Eye Bargains as BTC Price Nears $30K

1 min read
Source: Cointelegraph
Bitcoin Traders Eye Bargains as BTC Price Nears $30K
Photo: Cointelegraph
TL;DR Summary

Bitcoin (BTC) price is heading towards $30,000, prompting dip-buying among traders who hope to take advantage of the downward trend. The price of BTC has been trading sideways within a larger range since mid-June, with no significant progress in breaking topside resistance. Traders are eyeing the $30,000 and $28,000 levels as potential buying opportunities, with some expecting a shallow pullback that could lead to a breakthrough above $32,000. Despite the lack of upside momentum, there is little panic among traders, who believe the bullish market structure remains intact.

Share this article

Reading Insights

Total Reads

0

Unique Readers

1

Time Saved

2 min

vs 3 min read

Condensed

81%

45888 words

Want the full story? Read the original article

Read on Cointelegraph