Bitcoin’s volatility narrowed on April 30th as the weekly and monthly candle closes neared, with BTC/USD hovering above $29,000. Traders hoped that weekend liquidity would stay low so that no unexpected surprises would disrupt the candle closes. Popular traders such as Elizy and J examined the 3-day and monthly charts, respectively, noting potential upside targets of up to $32,500 and a historically significant resistance and supply area. Analyst Moustache found support holding above key exponential moving averages (EMAs) on higher timeframes, suggesting the possibility of major upside. At the current spot price of $29,267, Bitcoin could undo the prior weekly candle losses if it closed without last-minute volatility.
‘Good luck bears’ — Bitcoin traders closely watch April close with BTC price at $29K
