After a rather lull week, Bitcoin (BTC) price leads the cryptocurrency market into the weekend, where the volume of transactions is expected to be at
Also Read:Bitcoin is the largest cryptocurrency by market capitalization, a virtual currency designed to serve as money. This form of payment cannot be controlled by any one person, group, or entity, which eliminates the need for third-party participation during financial transactions.Altcoins are any cryptocurrency apart from Bitcoin, but some also regard Ethereum as a non-altcoin because it is from these two cryptocurrencies that forking happens.
If the demand zone fails to hold as a support level, Bitcoin price could slip through, converting it into a bearish breaker before revisiting the mid-March lows around $24,079. Conversely, Bitcoin price could rise, breaking past the immediate barricade at $27,300 before extending north. A move up to the supply zone is likely in such a turnout to the order block dominated by sellers. Overcoming this region could set the tone for BTC to reclaim the territory above the psychological $30,000, possibly tagging the $31,804 resistance level. Such a move would denote a 20% climb.
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