Bitcoin at a key resistance zone means "massive" liquidations due if BTC price hits $30,000.
Highlights
- Bitcoin (BTC) stayed on course for its highest weekly close in ten months on April 2 as $28,000 held.
- Bitcoin at a key resistance zone means “massive” liquidations due if BTC price hits $30,000.
- The current trading zone represents a major hurdle for bulls to overcome.
- Bitcoin’s trajectory overall mimics both years, these seeing at least three months “in the green” before significant consolidation began.
- Last month’s 23% gains for BTC/USD almost match its 2021 performance, with 2013 remaining its most volatile.
- The views, thoughts and opinions expressed here are the authors’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph
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