Bitcoin (BTC) stayed on course for its highest weekly close in ten months on April 2 as $28,000 held.

BTC price analyst: “Massive” liquidations due at $30,000

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD stable over the weekend after closing out March at near $28,500.

A key point of resistance from earlier in its current halving cycle, the current trading zone represents a major hurdle for bulls to overcome. Should they manage it, price targets extend beyond the $30,000 mark.

Not an expert on classical chart patterns but if we can fit the current structure in it, that gives a minimum price target of 35000$ for #Bitcoin

Also a nice confluence of a break above the high at 32,5K where a lot of stops are sitting to create a possible deviation above … pic.twitter.com/xTAz6yVgO7

— JACKIS (@i_am_jackis) March 30, 2023

“Bitcoin has been consolidating below the biggest resistance/support of the last 2+ years,” analyst Matthew Hyland summarized in his latest tweet on BTC.

“A whole new ballgame if BTC breaks it. NASDAQ & S&P went strong into weekly close. Still major pessimism and disbelief while major milestones are close to being made for Stocks/BTC.”

Popular Twitter account Byzantine General predicted that a breakthrough of resistance immediately above the spot price would result in a sea of liquidations, leading to further upward momentum.

“It feels like some bear is very desperately trying to defend the 29k to 30k region,” a tw

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Author: William Suberg

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