Bitcoin traders in ‘disbullief’ as analyst predicts $30K BTC retest
Bitcoin should dip to cement the $30,000 flip to support, analysis argues, as bullish BTC price takes stay in play.
Bitcoin
BTC
$30,332
consolidated into the weekend as market participants stayed optimistic about further gains.
Most still sitting on the sidelines” with Bitcoin
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hovering near $30,500 on April 15.
The pair had finished the Wall Street trading week on a less volatile note, along with fairly flat United States equities.
With the 10-month highs of $31,035 remaining in force, traders and analysts considered the options for how BTC price action could play out next.
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“We’re going higher. Much higher,” Credible Crypto summarized, retweeting a chart of BTC/USD and funding rates from popular technical analyst Murfski.
“Most still sitting on the sidelines, funding still relatively flat. This is disbullief depicted on a chart.”
Murfski had described being long BTC in 2023 as “incredibly cheap” thanks to year-to-date gains of over 70%.
“Being long still doesn't feel like a crowded
