Bitcoin (BTC) failed to crack $33,000 on July 14 as a bounce from multi-day lows delivered only modest progress.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC price: Fits and starts below $33,000
The pair briefly touched $31,750 overnight before a sharp rebound produced highs of $32,970. This meant that $33,000, once firm support, still remained out of reach.
For popular trader Michaël van de Poppe, this zone from $32,600 upwards was “critical to break” in order for Bitcoin to have a chance at hitting targets higher up in its trading range.
“Many altcoins making double bottom tests. Great,” he added in his latest Twitter update.
At the time of writing, Bitcoin circled $32,800 following repeated attempts to crack $33,000. Buy and sell levels on Binance showed support firmly in place at $30,000, with a resistance band at $33,000 nonetheless slowly fading.
BTC/USD buy and sell