Bitcoin (BTC) aborted a fresh attempt to reach $31,000 on June 29, while traders waited for bulls to succeed.

BTC/USD 1-hour chart. Source: TradingView

BTC price “primed to launch”

Data from Cointelegraph Markets Pro and TradingView showed BTC price action refusing to leave its short-timeframe trading range.

Now caught between $30,000 and $31,000, BTC/USD lacked impetus to continue the prior week’s uptrend or reverse downward.

For market participants, however, there was increasingly reason to believe that flipping higher resistance levels to support would come next.

“Bitcoin’s 2020 Fractal is still in play,” popular trader Jelle wrote in a Twitter update, arguing that Bitcoin was repeating its late 2020 breakout.