Bitcoin may only need 4 weeks to hit $30K as key monthly close looms
Opinions vary on BTC price strength, with Bloomberg Intelligence warning that $25,000 may stay in place as major resistance. Bitcoin (BTC) sought to end the week above $23,000 into the Feb. 26 close as concerns heightened over stubborn resistance. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price bulls keep faith in $30,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $23,318 on the day, up $600 from its weekend lows. The latest move marked a modest comeback after a grim week for risk assets which saw United States equities suffer thanks to above-expected inflation data. Despite that, Bitcoin still remained below levels flagged by analysts as important to reclaim before the end of the month . Only isolated voices remained optimistic, these including popular trader Kaleo, who maintained that $30,000 remained a BTC price “magnet.” #Bitcoin / $BTC $30K is still a magnet. pic.twitter.com/68EeKhiBVv — K A L E O (@CryptoKaleo) February...