For BTC, traders may be eyeing an upside target of $30,000 level, which coincides with bitcoin’s 20-day moving average. A high volume area of activity is also in place at $30,000, implying that a healthy dose of price agreement exists at this level. Prices tend to move slowly in periods of high volume, implying that BTC is poised to increase slightly, but will run into overhead resistance following an advance.
