Bitcoin (BTC<\/a>) stayed on course for its highest weekly close in ten months on April 2 as $28,000 held.<\/p>\n Data from Cointelegraph Markets Pro<\/a> and TradingView<\/a> showed BTC\/USD stable over the weekend after closing out March at near $28,500.<\/p>\n A key point of resistance from earlier in its current halving cycle, the current trading zone represents a major hurdle for bulls to overcome. Should they manage it, price targets extend beyond the $30,000 mark.<\/p>\n Not an expert on classical chart patterns but if we can fit the current structure in it, that gives a minimum price target of 35000$ for #Bitcoin<\/a> <\/p>\n Also a nice confluence of a break above the high at 32,5K where a lot of stops are sitting to create a possible deviation above \u2026 pic.twitter.com\/xTAz6yVgO7<\/a><\/p>\n \u2014 JACKIS (@i_am_jackis) March 30, 2023<\/a><\/p><\/blockquote>\n \u201cBitcoin has been consolidating below the biggest resistance\/support of the last 2+ years,\u201d analyst Matthew Hyland summarized<\/a> in his latest tweet on BTC. <\/p>\n \u201cA whole new ballgame if BTC breaks it. NASDAQ & S&P went strong into weekly close. Still major pessimism and disbelief while major milestones are close to being made for Stocks\/BTC.\u201d<\/p><\/blockquote>\n Popular Twitter account Byzantine General predicted that a breakthrough of resistance immediately above the spot price would result in a sea of liquidations, leading to further upward momentum.<\/p>\n \u201cIt feels like some bear is very desperately trying to defend the 29k to 30k region,\u201d a tweet stated on the day.<\/p>\n \u201cI think that when this level breaks massive liqs will come in. And it does feel like a matter of \u2018when\u2019 not \u2018if\u2019 because there\u2019s zero froth in the market, only some spot supply.\u201c<\/p><\/blockquote>\n Related: US enforcement agencies are turning up the heat on crypto-related crime<\/a><\/em><\/strong><\/p>\n An accompanying chart showed the Binance BTC\/USDT order book with bid and ask liquidity concentrations by price level.<\/p>\n On shorter timeframes, however, traders were content to wait for the weekly close to cement prior gains.<\/p>\n \u201cRanging this weekend it seems on the corn, and for continuation the bulls want to reclaim the range high at $28,750. Until the we chill,\u201d Crypto Tony tweeted<\/a> on the day.<\/p>\n Others were more pessimistic, among them trading resource Stockmoney Lizards, which described a correction as \u201cvery likely\u201d before BTC\/USD hits $30,000.<\/p>\n #Bitcoin<\/a><\/p>\n like in February, we now see a bearish divergence. Correction still very likely before we approach 30k. pic.twitter.com\/atXM2aiBqa<\/a><\/p>\n \u2014 Stockmoney Lizards (@StockmoneyL) April 2, 2023<\/a><\/p><\/blockquote>\n Last month nonetheless, managed to crown itself one of Bitcoin\u2019s best March months.<\/p>\n Related:\u00a0Bitcoin price hits $28.5K on PCE data as macro \u2018accumulation zone\u2019 ends<\/a><\/em><\/strong><\/p>\n![](\"https:\/\/s3.cointelegraph.com\/uploads\/2023-04\/2f8e9072-30f1-46d4-8d21-90f5e74c966e.png\")
BTC price analyst: \u201cMassive\u201d liquidations due at $30,000<\/h2>\n
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Bitcoin bulls add another 23% in March<\/h2>\n
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