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It may be possible to decide when to enter and exit a transaction in order to maximise returns. Leaving aside the aforementioned, a BTC price analysis offers a wealth of invaluable data that is useful for both short-term trading and long-term investing. Technical charts provide a wealth of information that can assist traders and investors in taking the proper positions at the appropriate times.

The price of bitcoin is still settling at $29,500. For BTC to begin a steady rise in the near future,

it has to stabilize above the $30,400 resistance level.

The $30,000 resistance level is proving difficult for Bitcoin to overcome.
Both the $30,000 price and the 100 hourly simple moving average are being traded below.

On the hourly chart of the BTC/USD pair (data feed from Kraken), there was a breach below a significant bullish trend line with support close to $29,950.
If the $30,400 resistance is closed above, the pair may begin a solid advance.