BTC/USD is steady over the weekend after closing out March at around $28,500

Bitcoin is set for its biggest weekly close in ten months on April 2 as it held onto $28,000.

According to data from Cointelegraph Markets Pro and TradingView, BTC/USD is steady over the weekend after finishing March at around $28,500.

A key point of resistance from earlier in its current halving cycle, the current trading zone represents a main barrier for bulls to overcome. In case they manage it, price targets expand beyond the $30,000 level.

Bitcoin has been consolidating below the biggest resistance/support seen during the last 2+ years, according to analyst Matthew Hyland’s latest tweet on bitcoin.

A different ballgame if bitcoin breaks it. NASDAQ & S&P were strong at weekly close. Still major cynicism and scepticism while major landmarks are close to being made for Stocks/BTC, he said.

Popular Twitter account Byzantine General forecasted that a breakthrough of resistance just above the spot price would ensue in numerous liquidations, resulting in more upward momentum.

It seems some bear is very desperately trying to preserve the 29,000 to 30,000 region, according to a tweet on the day.

I think that when this mark breaks huge liquidations will come in. And it does seem like a matter of ‘when’ not ‘if’ as there is zero froth in the market, only some spot supply, the tweet further stated.

On shorter timeframes, though, traders were prepared to wait for the weekly close to strengthen earlier gains.

Ranging this weekend it appears on the corn, and for continuation the bulls want to claim back the range high at $28,750. Until the chill, according to a tweet by Crypto Tony.