Bitcoin (BTC) briefly returned to $30,000 before the May 25 Wall Street open as range adherence lingered.
Trader: BTC should challenge 2-week highs
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD managing to hit $30,189 on Bitstamp before consolidating back under the $30,000 mark.
While appearing uninspiring at first glance, Bitcoin on low timeframes was a source of fresh interest for Cointelegraph contributor Michaël van de Poppe, who predicted a run to near $33,000 next.
“Bitcoin broke through $29.4K and ran towards the next resistance zone,” he told Twitter followers.
“If we hold $29.4K, we’ll be good towards $32.8K. Finally.”
If realized, $32,800 would represent Bitcoin’s highest since May 9 — just before the Terra implosion sparked its cascade to ten-month lows.
Fellow trader Nebraskan Gooner, meanwhile, eyed a series of higher lows on the four-hour chart, highlighting $30,400 as “the line…
