Bitcoin ( BTC ) is income above its $ 30,000 support level during Asian trading hours, with buyers reacting to oversold conditions. The next resistance levels are estimated at around $ 32,000 and $ 34,000 given the medium term downtrend.

The rapid rebound above $ 30,000 is similar to the June 22 jolt that preceded a brief price rally. Bitcoin was trading at around $ 31,400 at time of publication and has increased by around 6% in the past 24 hours.

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The four hour Bitcoin chart shows short term support and resistance levels with RSI.
Source: TradingView