Bitcoin circles the important support level of 30000 for two weeks. The bulls hold the fall below this level, but there are not enough forces to jump up yet. So we see the narrow price range of cryptocurrency from 29000 to 31000.
In the near future the movement is likely to remain in a narrow flat.
If the Bitcoin fixes higher 31000, the growth to the levels of 35000 and 40000 will be possible.
If the price falls below 29000, the lowering to the point of 26500 and 24000 is possible.
This content is for informational purposes only and is not intended to be investing advice.
