Bitcoin (BTC) experienced a negative sentiment as it fell to a low of $30,183 before rising to $30,816 and ending the day at $30,631. This lackluster performance was attributed to the absence of significant events or economic indicators. Investors are eagerly awaiting comments from the SEC regarding spot ETF refilings. Regulatory uncertainty remains a concern as Ripple, Binance, and Coinbase face battles with the SEC. Manufacturing PMI numbers from China and the US, as well as SEC activity and US lawmaker scrutiny on Gary Gensler, will be closely watched. BTC’s current price sits at $30,638, with the possibility of falling below $30,000 or rallying towards $31,500. The 14-4H RSI reading of 53.32 suggests a moderately bullish signal, aligned with the 50-day and 200-day EMAs. Resistance and support levels are also mentioned.
AI Sentiment: Negative