Bitcoin's price is showing signs of recovery and could potentially reach the $29,700 resistance level in upcoming sessions. The cryptocurrency has broken a key bearish trend line and is currently trading above the $29,300 level and the 100 hourly Simple moving average. However, if it fails to clear the $29,700 resistance, it may experience a fresh decline with immediate support at the $29,300 level. A close above the $30,000 resistance zone could lead to a significant increase in price. Technical indicators suggest a bullish trend for Bitcoin.
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Bitcoin Price Could Revisit Key Resistance Zone at $29,700
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