Bitcoin falls ever closer towards a test of 30K

Bitcoin has not fared too well so far today. Since an earlier update here this morning the price has continued to lose ground and a short while ago it slipped to fresh session lows underneath 30,500. The obvious 30k level is now very much in the market crosshairs today. Bitcoin is still outperforming its main competitor, Ethereum which in relative terms has not held up so well in percentage terms on the day. It is also worth repeating the rather lose correlation between Bitcoin and the dollar, or more rather the EUR/USD. It seems that the move lower there has not helped its cause so far today either. Bitcoin is currently trading at 30,760