$30K BTC price target stays valid as ‘boring’ Bitcoin heads into US jobs data

Bitcoin (

Fellow trader Crypto Tony agreed that the current trading range may nonetheless prove sticky.

“I bet we will be staring at this range for awhile. If we do range for awhile and Alts start to run, it only confirms the capital flow is in motion,” he forecast on the day.

Popular trader Anbessa showed similar downside targets to Van de Poppe, eyeing $27,940 as an important intraday level to defend.

Bollinger bands portend BTC price volatility

Examining volatility, meanwhile, popular analyst HornHairs noted that Bollinger bands were offering a telltale sign that calm conditions were about to break.

“Bitcoin volatility contraction as tight as its been all year. The games shall begin shortly. Dust off your weapons of choice for the volatility ahead,” he advised.

An accompanying chart confirmed the Bollinger bands “squeezing” around spot price, reflecting the current tight range, with the implication that a challenge of the upper or lower band should soon begin.

As Cointelegraph reported, 2023 has been a year of contrasting volatility phenomena, with BTC/USD gaining 40% in January but ending February almost exactly at its starting position.

March upside totaled 23%, while in April, Bitcoin is currently down 2.3%, according to statistics from Coinglass.

The views, thoughts and opinions expressed here are the authors’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.