$BTC returns above $30,000, which puts the first cryptocurrency on the first support level since the massive sell-off we saw yesterday
The daily chart is one of the most commonly used timeframes for mid-term BTC trading, which makes it the ultimate tool for determining local support and resistance zones. As for now, Bitcoin successfully broke through $30,000 and remains on an important support level of $30,000.The first cryptocurrency has already tested this level many times back in the May-July period of 2021. The digital gold successfully bounced off the support four times, but there is no guarantee that it will happen again.
Yesterday, Bitcoin briefly broke through the support level, dropping below $27,000 and even testing the $25,000 zone. Though the first cryptocurrency was close to breaking down, the existing buying power allowed it to spike up, creating a"knife" on the daily
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