The price has successfully held above the $30,000 level, which is a key support level. A break below this level could initiate a local downward trend and potentially lower the price towards the weekly 100 EMA (Exponential Moving Average). On the bullish side, a scenario could involve a rise in price towards strong resistance levels at $32,000 and $34,000.
Chart PatternsFundamental AnalysisTrend Analysis

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