Bitcoin has broken above the 200-day moving average, a key technical indicator of market sentiment. This could be a sign of a long-term uptrend, potentially pushing the price towards $30,000. However, we must also consider the growing regulatory scrutiny and the impact of Tesla's Q2 earnings on the market. A cautious approach is advised, with a focus on technical analysis and market sentiment.

Great insights! Balancing optimism with caution is key. I'll keep an eye on both technicals and market news.