Bitcoin traders torn between breakout and $28K dip as BTC price stalls
BTC price action keeps everyone guessing, while Bitcoin casually marks a major achievement on monthly timeframes. Bitcoin (BTC) lingered below $31,000 at the July 3 Wall Street open with bulls still in need of a catalyst. BTC/USD 1-hour chart. Source: TradingView Bitcoin price: Sink or swim at $30,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD acting in a tight range following the weekly close. BTC price performance remained firmly sideways into the new week, punctuated only by modest attempts at attacking the $31,000 mark. More optimistic market participants hoped that nearby resistance levels — and not only for Bitcoin — would soon fall. “The more frequently a resistance line is tested, the weaker it becomes,” trading team Stockmoney Lizards argued. “The day will come when ALL $31k sell orders have been filled.” An accompanying chart uploaded to Twitter compared BTC price action this year with its pre-bull market behavior in 2016, in the run-up to previous ...