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.

The 50-day moving average has been quite reliable in the past, would be interesting to see if it holds as support this time around, potentially influencing the next move for Bitcoin.

Great point! The $30k level is indeed critical. A move below could signal further consolidation or decline, while staying above could indicate a potential bounce. The 50-day MA at $32.5k will be key in confirming the trend.