Bitcoin continues to show a new attempt to surpass $31,000 on June 29, while traders wait for a move from the bulls.

Data from TradingView shows that #BTC price action has yet to leave its short-time trading range.

Currently stuck between $30,000 and $31,000, BTC/USD is lacking momentum to continue last week's uptrend or reverse the downtrend.

However, for market participants, there is increasing reason to believe that a turning of higher resistance levels into support will occur.

“Bitcoin's 2020 fractal is still happening,” trader Jelle wrote in a Twitter update, arguing that #Bitcoin is repeating #breakout at the end of 2020.

“The market will continue to go up. I am ready".

Meanwhile, popular trader and analyst Rekt Capital has noticed promising signs on the monthly timeframes ahead of the candle close on June 30.

“BTC is preparing for a monthly close above the resistance that has rejected the price for the past 3 months. And currently the market is quite comfortably above this (black) level,” he commented.

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