Can the rate of BTC get to the $31,000 mark by the end of the week? NickSzabo4 alistairmilne Maybemore_DC WhalePanda
On the hourly chart, the rate of Bitcoin is trading in the middle of the recently formed channel. At the moment, traders should focus on the $31,000 zone. If the candle closes above it, the growth can continue to the $31,500 area on the weekend.
On the bigger time frame, the price of BTC has once again tried to fix above the $31,000 mark. The rate has almost touched a resistance level at $31,458. If the return to that mark does not happen today, there is a chance to see ongoing sideways trading between $30,000 and $31,000.
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