A successful Wyckoff culmination could see BTC price action target levels north of $40,000 again, one analysts says. Bitcoin (BTC) rose from a fresh $30,000 support challenge on June 27, continuing uncertain ranging which has worried traders.
Bitcoin avoids sub-$30,000 "nuke"
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting highs of $33,445 on Bitstamp Sunday.
Saturday saw the pair drop back to $30,070, ultimately averting another dip below significant psychological support after last week's volatility.
This was not enough to buoy sentiment among traders, however, as many already believed the local BTC price bottom was not yet in.
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Bitcoin bounces off $30K amid 'possibility' of exit to mid-$40K range