{"id":11564,"date":"2023-04-19T16:49:42","date_gmt":"2023-04-19T16:49:42","guid":{"rendered":"https:\/\/cryptoheretostay.com\/?p=11564"},"modified":"2023-04-19T16:49:43","modified_gmt":"2023-04-19T16:49:43","slug":"can-bitcoin-reclaim-30k-watch-these-btc-price-levels-next","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=11564","title":{"rendered":"Can Bitcoin reclaim $30K? Watch these BTC price levels next"},"content":{"rendered":"<script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script>\n<p>Bitcoin (BTC) fought to regain lost ground at the April 19 Wall Street open as traders called for calm on the day\u2019s downside.<\/p>\n<p><em>BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView<\/em><\/p>\n<h2>\u201cUnusual\u201d spot sell triggers BTC price suspicion<\/h2>\n<p>Data from Cointelegraph Markets Pro and TradingView monitored BTC\/USD as it crawled toward $29,500 on Bitstamp.<\/p>\n<p>The pair had shed $1,000 in minutes earlier on the day as over $200 million in long liquidations accompanied a return below $30,000.<\/p>\n<p>Reactions subsequently linked the price action, which originated in a 16,000-BTC market sell on Binance, to a potential forthcoming news event, this ultimately failing to materialize at the time of writing.<\/p>\n<p lang=\"en\" dir=\"ltr\">$BTC <br \/>Either a new local low here if $29K is held &amp; no FUD is dropped later <\/p>\n<p>However, 16K BTC is unusual size to be market sold solely from Binance spot usually the kind of sale happens before bad news comes out. <\/p>\n<p>if a nothing burger event; could see an omega short squeeze\u2026<\/p>\n<p>\u2014 Skew \u0394 (@52kskew) April 19, 2023<\/p>\n<p>Market participants thus remained level-headed, arguing that important support levels were still present amid a healthy retracement.<\/p>\n<p>\u201cA move to 28k is normal\/healthy,\u201d popular trader Credible Crypto wrote in part of Twitter commentary.<\/p>\n<p lang=\"en\" dir=\"ltr\">#Bitcoin <\/p>\n<p>Watch and know your levels to stay ahead. Manage your risk around them.<\/p>\n<p>Still holding the important repair and breakout above $29,000. pic.twitter.com\/wsNOaLSJUW<\/p>\n<p>\u2014 Jordan (@Jordan__Lindsey) April 19, 2023<\/p>\n<p>Fellow trader Crypto Tony was more cautious, hinting that he expected further downside to ensue next.<\/p>\n<p>\u201cGot a feeling many longing now are going to regret it on Bitcoin,\u201d he tweeted.<\/p>\n<p>\u201cPersonally am still out of a position currently. Rather wait for some solid PA to form before rushing in.\u201d<\/p>\n<p>Trader and analyst Rekt Capital, meanwhile, eyed $28,800 as the key level to watch on weekly timeframes.<\/p>\n<p lang=\"en\" dir=\"ltr\">#BTC has relief rallied into the Higher High, <\/p>\n<p>Though $BTC Daily Closed above the Higher High, price wasn&#8217;t able to reclaim it as support<\/p>\n<p>~$28800 (orange) is the key support to hold on the Weekly#Crypto #Bitcoin https:\/\/t.co\/yUiLODm95h pic.twitter.com\/KQ4gHHKTuy<\/p>\n<p>\u2014 Rekt Capital (@rektcapital) April 19, 2023<\/p>\n<p>Caleb Franzen, senior market analyst at Cubic Analytics, had his sights on slightly lower numbers, pointing to a potential support retest area on CME Group Bitcoin futures markets.<\/p>\n<p>At around $27,000, this was a \u201cgap\u201d in the futures market left over from mid-2022, which the spot price only managed to \u201cfill\u201d in recent weeks.<\/p>\n<p>\u201cCME futures still haven\u2019t retested this important support &amp; resistance zone, but got very close this morning,\u201d he commented. <\/p>\n<p>\u201cI think bulls should be happy to get an opportunity to reload in this range, if\/when we get there. No need for panic\/concern yet.\u201d<em>CME Group Bitcoin futures annotated chart. Source: Caleb Franzen\/Twitter<\/em><\/p>\n<h2>Bitcoin bulls running out of time?<\/h2>\n<p>Looking to upside potential, monitoring resource Material Indicators suggested that there was solid potential for a fiery reclaim of $30,000 and beyond if bulls were able to regain control.<\/p>\n<p><strong><em>Related:\u00a0Forget BTC price: The Bitcoin mining boom is quietly going parabolic<\/em><\/strong><\/p>\n<p>Everything hinged on $29,500, it argued on the day \u2014 exactly the focus level for BTC\/USD at the time of writing.<\/p>\n<p>\u201cBTC flushed about $32M out of the range and left a black hole of upside illiquidity,\u201d it commented alongside a print of buy and sell liquidity on the Binance order book.<\/p>\n<p>\u201cIf bulls can reclaim $29.5k before ask liquidity returns, there is very little friction between here and the mid $30s.\u201d<em>BTC\/USD order book data (Binance). Source: Material Indicators\/Twitter<\/em><\/p>\n<p><strong><em>Magazine: Crypto audits and bug bounties are broken: Here\u2019s how to fix them<\/em><\/strong><\/p>\n<p class=\"post-content__disclaimer\">This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.\n<\/p>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cointelegraph.com\/news\/can-bitcoin-reclaim-30k-watch-these-btc-price-levels-next\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (BTC) fought to regain lost ground at the April 19 Wall Street open as traders called for calm on the day\u2019s downside. BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView \u201cUnusual\u201d spot sell triggers BTC price suspicion Data from Cointelegraph Markets Pro and TradingView monitored BTC\/USD as it crawled toward $29,500 on Bitstamp. The pair [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11565,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[2],"tags":[],"class_list":["post-11564","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/11564","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11564"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/11564\/revisions"}],"predecessor-version":[{"id":11566,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/11564\/revisions\/11566"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/11565"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11564"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11564"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11564"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}