Bitcoin (BTC<\/a>) aborted a fresh attempt to reach $31,000 on June 29, while traders waited for bulls to succeed.<\/p>\n Data from Cointelegraph Markets Pro<\/a> and TradingView<\/a> showed BTC price action refusing to leave its short-timeframe trading range.<\/p>\n Now caught between $30,000 and $31,000, BTC\/USD lacked impetus to continue the prior week\u2019s uptrend or reverse downward.<\/p>\n For market participants, however, there was increasingly reason to believe that flipping higher resistance levels to support would come next.<\/p>\n It is very likely that #Bitcoin<\/a> will reach the N28CT target of $34,500 in the next push higher<\/p>\n My model has nailed every prediction since its creation<\/p>\n -Bottom in Nov 2022 Time to accumulate is coming to an end..https:\/\/t.co\/Lg9LBcoDad<\/a> pic.twitter.com\/HF7EwWNpKZ<\/a><\/p>\n \u2014 CryptoCon (@CryptoCon_) June 29, 2023<\/a><\/p><\/blockquote>\n \u201cBitcoin\u2019s 2020 Fractal is still in play,\u201d popular trader Jelle wrote<\/a> in a Twitter update, arguing that Bitcoin was repeating its late 2020 breakout. <\/p>\n \u201cUp only from here if we keep following it. I\u2019m ready.\u201d<\/p><\/blockquote>\n Popular trader and analyst Rekt Capital, meanwhile, eyed equally promising signs on monthly timeframes ahead of the June 30 monthly candle close.<\/p>\n \u201cBTC is positioning itself for a Monthly Close above a resistance that had rejected price for the past three months. And now BTC is holding comfortably above that same level (black),\u201d he commented<\/a> on an explanatory chart.<\/p>\n Reacting, CryptoCon described BTC\/USD as \u201cprimed to launch into the resistance zone.\u201d<\/p>\n \u201cMarkets are looking ready for another leg upwards,\u201d Micha\u00ebl van de Poppe, founder and CEO of trading firm Eight, added<\/a>. <\/p>\n \u201cBitcoin looks good, but altcoins are moving in tandem too.\u201d<\/p><\/blockquote>\n The week\u2019s major macroeconomic data releases still lay ahead.<\/p>\n Related:\u00a0Bitcoin speculators send 35K BTC to exchanges in new \u2018elation inflow\u2019<\/a><\/em><\/strong><\/p>\n With Jerome Powell, chair of the United States Federal Reserve, set to deliver a second day of commentary on economic policy<\/a>, June 30 remained the key release date.<\/p>\n Personal Consumption Expenditures (PCE) figures, the preferred inflation measurement tool for Powell, were tipped to be the volatility catalyst for risk assets.<\/p>\n Beyond macro, the June 30 options open interest expiry was also a talking point, this coming in at a huge $4.7 billion<\/a>.<\/p>\n Big options expiration date for both ETH and BTC tomorrow<\/p>\n ETH: ~$2B notional If these are rolled into more calls we should see spot buying from dealers to hedge their books; puts opposite story. Either way expect some vol. pic.twitter.com\/jWBQ0XOP2p<\/a><\/p>\n \u2014 Tom Dunleavy (@dunleavy89) June 29, 2023<\/a><\/p><\/blockquote>\n Financial commentator Tedtalksmacro suggested<\/a> that there would be limited crypto market movement until the expiry.<\/p>\n![](\"https:\/\/s3.cointelegraph.com\/uploads\/2023-06\/717a1ad9-98b3-42f9-b73d-6059ffe3862e.png\")
BTC price \u201cprimed to launch\u201d<\/h2>\n
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-Best cycle buying prices in green year<\/p>\n![](\"https:\/\/s3.cointelegraph.com\/uploads\/2023-06\/b7c04022-eba0-4dca-9b7e-c1f4af4714b6.jpeg\")
![](\"https:\/\/s3.cointelegraph.com\/uploads\/2023-06\/ddab7cda-d483-4463-bad1-3a0055d821ed.jpeg\")
PCE print meets options expiry<\/h2>\n
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BTC: ~$5B notional<\/p>\n