BTC experienced a bullish start to the day, rising to a high of $31,120 before falling to a low of $30,326. The lack of economic indicators in the US leaves BTC at the mercy of Fed dialogue and news in the cryptocurrency industry. BTC faces the risk of falling below $30,000 due to profit-taking as SEC’s ruling over Ripple approaches. A hold above the Major Support Levels and 50-day EMA would support higher moves, while a fall below S1 would bring S2 and the 50-day EMA into focus, signaling a near-term bullish trend reversal.
AI Sentiment: Negative