Bitcoin Price Hold Strong At $30K: Indicators

Point More Upsides To $31.2K

Bitcoin's price is on the move. It's breaking through resistance levels, now above $30,000 and the 100-hourly moving average.

There's a key bullish trend line forming near $30,000, indicating a potential rally towards

$31,200.

Recently, Bitcoin cleared hurdles at $28,500 and $28,800. It reached a multi-week high around $30,600 and is currently consolidating gains.

On the upside, immediate resistance is around $30,400, and the next key resistance is at $30,600. If it surpasses these levels, we might see a push toward $31,200 and beyond

However, if it can't break above $30,600, there could be a downside correction. The initial support is near $30, 150, followed by the $30,000 level and the trend line.

Technical indicators like MACD and RSI show bullish momentum.

Keep an eye on the charts as Bitcoin's journey continues #bitcoin #crypto2023 #BTC

$BTC