Bitcoin Price Begins Run-Up To $35k – Here's Why
This bullish wave appears to be traversing the market, as Ethereum is up 1.3% to $1,876, XRP is up 2% to $7.1 while BNB is trading at $242 following 1.8% of 24-hour gains. advertisement Bitcoin Price Ready to Tackle $30k Resistance Bitcoin price is on the move to retest the seller congestion at $30,000. Its uptrend is grounded in the support established around $29,000 – an area that has been instrumental in preventing declines to $28,000 and subsequently $25,000. The ongoing uptrend could be attributed to oversold conditions in lower timeframes – likely to result in a buy signal from the Moving Average Convergence Divergence (MACD) indicator. That said, traders should be on the lookout for a potential bullish cross in the momentum indicator, especially on the daily chart, marked by the MACD line in blue crossing above the signal line in red. Recommended Articles ...