This Catalyst Could Push Bitcoin’s Price Above $32,000 This Month!

[Coinpedia Fintech News]

Bitcoin price has restored the $30,000 level with a minor jump of nearly 2.45% and closed the previous day’s trade on a bullish note. The price has now landed back in a desirable zone after breaking out from an interim local resistance, which keeps the hopes of a sustained uptrend alive.

However, the buying pressure continues to remain on the low side, and a slight increase in the levels may lift the price beyond the psychological barrier.

The BTC price appears to be struggling to cross the interim barrier at $30.800, which may invalidate the bearish trajectory for a while. However, the bulls appear to be waiting for a major catalyst that may induce a significant bullish momentum with the flagship crypto.