'Pop or drop?' Bitcoin analysts decide if BTC price will beat $30K
Bitcoin is giving off fresh signals that it is soon time for a BTC price surge, but old support may need a retest first. Bitcoin (BTC) continues to tread water at the April 10 Wall Street open, but crypto market participants are betting on a serious breakout next. After a late surge took BTC/USD to its highest weekly close since June 2022, there is new optimism over an attack on $30,000. Data from Cointelegraph Markets Pro and TradingView shows a cool start to the macro trading week, with $28,200 currently forming a focus. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView With formidable resistance overhead, however, Bitcoin has spent much of the last week in a firmly established but increasingly narrow trading range. The longer this holds, the theory goes, the more intense the eventual breakout should be — whether up or down. Cointelegraph takes a look at some popular analysts’ outlooks when it comes to what BTC price action will do next. Material Indicators: Will Bitcoin “p...