After it finally crossed the $30,000 psychological threshold, Bitcoin (BTC) is currently looking at a strong resistance zone around $31,000, and if it manages to break it, a significant bull run could follow, and historical chart patterns suggest it might even reach $80,000 by the end of 2023.
As it happens, a cryptocurrency market analyst known as Crypto Tony has pointed out that if Bitcoin fails to take out the resistance area at $31,000 this week, it could “draw down to $28,000 for a reload option from the bears,” according to his tweet on July 3.
