Read about the struggle of Bitcoin to surpass the $30,270-$32,150 resistance level and the strong support level at $29,330-$30,200.
- Bitcoin struggles to surpass the $30,270-$32,150 resistance with 770K addresses buying 360K BTC.
- The $29,330-$30,200 support holds strong with 700K addresses buying 390K BTC.
- Caution is advised as the next key support is at $27,600-$28,450 if $29,330-$30,200 breaks.
According to popular analyst and trader Ali (@ali_charts), Bitcoin‘s ongoing struggle to break the $30,270-$32,150 resistance level has caught the attention of many crypto enthusiasts. Recent data suggests a whopping 770K addresses have bought 360K BTC at this crucial point, which is making it a tough hurdle for Bitcoin bulls to overcome.
However, the good news, according to Ali, is that the $29,330-$30,200 support level has held strong, with 700K addresses already purchasing 390K BTC. This positive development indicates a strong buying sentiment among investors, which is crucial for Bitcoin’s overall stability in the market.