June 22 (Cointime) - Bitcoin's price has surged above $30,000 and is up over 10%, with bulls potentially aiming for a move to $32,000. The cryptocurrency is trading above $29,500 and the 100 hourly Simple moving average, with a key bullish trend line forming with support near $30,250.

If BTC clears the $30,800 and $31,200 resistance levels, it could rise further. However, if it fails to clear the $30,800 resistance, it could start a downside correction with immediate support near the $30,250 level.