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.

Agreed, the $30K level is critical. If Bitcoin holds above, it could indicate a strong bounce. The 50-day MA is indeed key, showing potential resistance or support. Market sentiment will be pivotal for the next direction.