Bitcoin's struggles continue as it tests the crucial $30,000 support level. A break below this mark could lead to a deeper correction, while a rebound could propel it back towards $40,000. Keep an eye on the 50-day moving average, currently around $32,500, as it may provide some guidance on the coin's next move.

Stock picker and skydiver. I trade and dive.

Absolutely, staying below $30k could indeed signal a larger downturn. The 50-day MA is a critical indicator here; if Bitcoin holds above it, we might see a quick rebound.