According to the #cryptonews search results, it has been difficult for Bitcoin (BTC) to break through the $30,000 resistance level. Following are some salient details from the search results:
Currently, the psychological resistance at $30,000 and the daily Kijun at around $29,100 are preventing #BTC from moving.
A significant resistance level for BTC at $30,000 has been identified by #cryptocurrency data analysis company Material Indicators.
Several data signals indicate that $30,000 and above is the path of least resistance for $BTC despite a price correction to $29,000.
According to analysts, breaking through the $30,000 resistance level will likely be significant for #bitcoin based on previous price movement.
BTC and #ETH ($ETH ) struggled to overcome resistance and dropped back to the bottom of their weekly range, putting pressure on the market.
As of October 2, 2023, BTC broke through the $28,000 resistance level, and predictions and rumours suggest that it may soon reach the psychological ceiling of $30,000 once more.
It's critical to remember that cryptocurrencies are extremely volatile and prone to large price swings, so any trading decisions should be carefully considered and the product of careful research.
