Bitcoin to $30,000 next? According to this trader, yes, but only if the current uptrend remains.
showed BTC/USD climbing overnight to once again sit near the top of its established trading range.
After multiple attempts to break out above range resistance at $23,500, the pair appeared to still be stuck in limbo at the time of writing, but hopes of bullish continuation were already there. “Expecting more volatility over the wknd,” on-chain monitoring resource Material Indicators wrote in part of its latest“If the Bear Market Rally can push BTC above 25k there isn't much friction to 26k - 28k range. Losing the trend line would be bad for bullish hopes and dreams.”
$28,000 would be over 20% higher than the current spot price and would represent a near two-month high. Material Indicators included a chart showing the trendline mentioned sitting at $22,000 — around Bitcoin’s current
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