Bitcoin shows signs of life by rejecting more than $ 30,000

bitcoin-shows-signs-of-life-in-push-back-above-30000-20210721 ″>

Bitcoin rises by more than 2% to just over $ 30,000

png »title =» »class =» cms-png img-responsive »alt =» Bitcoin «/> Yesterday’s dip below $ 30,000 did not spread too far with the lower limit at around $ 29,300 before rapid bullish momentum current.

$ 30,000 mark is a major psychological level, so buyers are showing at least some signs of life for now. That said, the underlying trend still suggests that Bitcoin is under pressure and needs to be more convincing when it comes to charts.

slight bounce here does not detract from the recent trend of decreasing highs and lows and reaffirms some defense around the $ 28,732 to $ 30,000 per hour region.

If buyers can get back to $ 32,000 and continue to do so, perhaps there could be a stronger argument, from a technical standpoint, to stay afloat.

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