Bitcoin’s value seems to be in a state of equilibrium, yet the $30,000 mark stays firm as support, following the conclusion of the week.

As the Wall Street market opened on June 26, Bitcoin’s stance remained stable at around $30,500, reinforcing its new support position.

Anticipation Around Bitcoin ETF and U.S. Session Impact

Cointelegraph Markets Pro and TradingView data indicated that Bitcoin’s price maintained the $30,000 benchmark throughout the week’s closure.

The leading cryptocurrency demonstrated a stable outset for the week as U.S. trading commenced. Market spectators anticipated a performance resembling the uptick of the previous week.

U.S. markets were previously noted for a considerable influx of buyer interest, triggered by several announcements of institutional products linked to Bitcoin’s spot price.

Daan Crypto Trades, a renowned trader, observed, “The U.S. Stock Market Open Hours experienced most of the buying pressure last week.”

Skew, a fellow trader, concurred, labeling the June 26 U.S. trading session as “crucial.”

The trend was corroborated by Glassnode, an on-chain analytics firm, who suggested this could signify a more enduring shift driven by U.S. exchange-traded fund (ETF) filings.

In its latest “The Week On-Chain” newsletter, Glassnode reported, “Early indications of a revival in U.S.-led demand have surfaced, spurred by the influx of institutional-level ETF applications in the U.S.”

Regarding Bitcoin’s price behavior, DecenTrader, a trading platform, highlighted an important resistance level directly overhead, denoted by its two-year moving average (MA) just over $32,800.

A Twitter analysis provided some insight: “Being underneath the 2 Year MA historically offered a golden opportunity for accumulation ahead of the next halving cycle.”

On shorter timelines, a dwindling interest in shorting BTC at its current levels fuels hopes for the uptrend’s resurgence.

Crypto enthusiasts continue their search for “buy the dip” opportunities, with Crypto Chase identifying $29,000 as a potential entry point.

Rekt Capital, trader and analyst, re-emphasized the robust nature of Bitcoin’s overall trend, predicting any potential downturns to be mild.

He reasoned, “When a BTC downturn concludes with such determination… It’s highly unlikely for another steep downturn to occur instantly. Any decrease would likely be part of a broader uptrend continuation.”