June 23 (Cointime) - Bitcoin has seen a surge of over 10% in the past few days, but recently experienced a minor pullback below the $30,000 mark. The Wolf of Few Streets, a popular cryptocurrency trader, believes that the resistance level for Bitcoin is currently at $31,000 and the bulls are expected to test it soon.
However, he also cautions that a minor correction may happen after BTC touches one of these resistance levels. Despite this, market analysts such as Michael Van de Poppe note that the 200-Week Moving Average (MA) and Exponential Moving Average (EMA) have supported Bitcoin's price, indicating that the digital asset may be on a steady upward trajectory.
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