Bitcoin's price is currently holding steady above the key support zone of $30,000, with some positive signs indicating a potential increase in the near future. To start a fresh increase, BTC must settle above the $31,000 and $31,400 levels.
A short-term bullish trend line is forming with support near $30,400 on the hourly chart of the BTC/USD pair.
However, if the price fails to clear the $30,700 resistance, it could start another decline towards the $29,850 level.
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