Higher stocks and weaker dollar help Bitcoin back above 30k

Bitcoin did eventually rise back above 30k yesterday. It has remained above that level in trading so far today too. The rise since this time yesterday morning is not exactly conclusive though and looks mostly linked to the rebound in the US stock markets and weaker dollar over the same timeframe. Nevertheless, this modest rebound has managed to turn the 21 day moving average a little higher and that is mildly supportive, so long as it is maintained. That is now in place at 29,830. The range seen so far today has been covered by 30,211 to 30,670. Bitcoin is currently trading at 30,525