Bitcoin jumps back above 30k

Yesterday the drop below 30k in Bitcoin saw it fall to as low as 29,307 during the European morning session. Despite several attempts to push even lower after that, the lead cryptocurrency managed to hold its ground and eventually, a lack of downside momentum, and sideways price action for the past few hours, has delivered a rebound. That rebound back above 30k came not that long ago and saw a quite rapid acceleration through the level, rising to as high as 30,793 so far. Understandably the 31k level might now offer some resistance, but that remains to be seen. Beyond that level there is technical resistance at around 31,650 and then higher up, at 32,820. Bitcoin is just now trading at 30,695