June 29 (Cointime) - Bitcoin has managed to stay above $30,400 despite recent selling pressure, with support at this level giving bulls a chance to fight back. Bitcoin is currently trading at $30,458 with sideways movement in the last 24 hours. Over $7 billion in crypto options contracts will expire today, with over $5 billion based on Bitcoin.
This could result in increased buying pressure and potentially see BTC soaring above the $31,000 mark, with the crypto market poised for volatility whichever direction it takes. Analysis firm Blofin predicts a limited decline in BTC's price, with a relatively small probability of falling below $28k and potential for a rebound to $35k and above.
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