Bitcoin (BTC) continued to trade in a narrow range over the weekend, around $30,000, after a week of volatility. Ethereum (ETH), on the other hand, has been relatively quiet and has remained around $2,100 after gaining over 13% in the past seven days, partly thanks to the recently concluded Shanghai upgrade.
Meanwhile, as bears and bulls continue to battle it out along a critical multi-yearly support-resistance zone, popular crypto analyst “Ali” warns Bitcoin could witness a slight pullback. According to the pundit, Bitcoin now faces a significant challenge in surpassing the resistance level between $30,270 and $32,150. Ali advised caution if this support level breaks, as the next key support is at $27,600-$28,450.
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