Bitcoin Nears $30K as Bulls Target $32K Resistance - Macro Events, On-Chain Data in Focus

Bitcoin price nears 2023 highs above $30,000, with $32,000 proving a key resistance level to break.

Macro events like U.S. GDP, inflation data, and the November FOMC meeting could impact Bitcoin's price this week.

On-chain data shows falling exchange balances and more coins moving to long-term holders.

Short-term indicators like RSI suggest an impending Bitcoin price correction may be due.

Breaking $32,000 decisively could send BTC to $40,000, while rejection could see a drop to the $20,000s.