{"id":530300,"date":"2023-05-07T07:00:17","date_gmt":"2023-05-07T07:00:17","guid":{"rendered":"https:\/\/wncen.com\/?p=530300"},"modified":"2024-06-11T08:50:39","modified_gmt":"2024-06-11T08:50:39","slug":"bitcoin-struggles-to-break-30000-resistance-level-heres-why","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-struggles-to-break-30000-resistance-level-heres-why\/","title":{"rendered":"Bitcoin Struggles To Break $30,000 Resistance Level: Here\u2019s Why"},"content":{"rendered":"
The cryptocurrency market has been trading sideways in recent weeks, with the leading token, Bitcoin, following a similar pattern. Despite numerous attempts in April, Bitcoin has struggled to break the $31,000 mark.\u00a0<\/span>The price is blocked by its daily Kijun at around $29,100 and by its psychological resistance at $30,000. <\/span><\/p>\n
A correction to around $25,000 could be preferred to prepare for an extended bull run as long as this zone blocks prices. This would correspond to a retest of the same resistance level at the beginning of the year and can be confirmed as the support level.\u00a0<\/span><\/p>\n