the 200-week simple moving average as the resistance line to clear next, with Bitcoin possibly completing an equally bullish inverse head and shoulders chart pattern.Trader and investor CryptoAce meanwhile highlighted a large weekly resistance zone for bulls to tackle.
“Stay below and $24k is where price will be trading in some weeks imo,” part of an update on trading activity read on the day.Stay below and $24k is where price will be trading in some weeks imoNow looking to short above $29.5k till $31.5k for $24k
Bitcoin's trading range continues to be 'in limbo' despite fresh volatility and choppy weekend trading. Market participants are frustrated as BTC/USD failed to break key resistance levels or drop towards trend lines.
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