07 AUG, 2022

Bitcoin rate: weekend break volatility 'anticipated' with $22K level to hold

BTC/USD could strike $30,000 if the existing day-to-day trend of higher low and high proceeds…. 

One trader state as the market stays clear of weekend losses.

Information from Cointelegraph Markets Pro and TradingView revealed BTC/USD climbing overnight to once more rest near the top of its well-known trading range.

After multiple attempts to burst out over array resistance at $23,500, the pair appeared to still be stuck in limbo at the time of composing.

However, hopes of favorable continuation were already there.

"Expecting more volatility over the wknd," on-chain tracking source Material Indicators wrote in part of its most current Twitter update on Aug. 5.

$28,000 would certainly more than 20% higher than the existing spot rate and would represent a near two-month high.

Material Indicators included a graph revealing the trendline mentioned resting at $22,000-- around Bitcoin's present understood cost.

The chart further revealed proposal assistance boosting promptly below spot, while significant resistance lay at $24,500.