Bitcoin will need several attempts, but resistance should ultimately fall to bulls, but a healthy consolidation is also required, market participants explain.
Bitcoin (BTC) traded steady on July 27 after a surge above $40,000 resulted in higher levels broadly holding.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewAll eyes on Bitcoin higher lowsData from Cointelegraph Markets Pro and TradingView showed BTC/USD hovering near $37,000, around 8.8% below the peak of Monday’s gains.Its first trip above $40,000 in six weeks, Bitcoin price action is now attempting to consolidate and form support at a higher low, Cointelegraph contributor Michaël van de Poppe said.”Bitcoin rejects at the range high, which isn’t strange,” he explained in a Twitter update Tuesday. „The market has made a new higher high and is in search of a higher low. The levels that I’m watching are $34,500-35,800 and the area around $32,500.”A look at
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