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Bitcoin [BTC] attempts another resistance breakout: Will it crack $30,000
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Bitcoin [BTC] peaked at $29,380 on 24 March before experiencing a resurgence of sell pressure. Fast forward almost one week later, and the bulls are showing their strength once again.
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Bitcoin crossed back above the $29,000 price point within the last 24 hours, raising bullish hopes that it will soon cross the $30,000 mark. But how likely is this outcome before the end of the week, especially now that the price has to contend with resistance?
Recent market observations may offer some insights into what to expect. For example, on 30 March, Glassnode revealed that Bitcoin’s Percent Supply Last Active 1+ Years was at a new ATH.
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