In the last four hours, Bitcoin (BTC) has experienced notable volatility. Initially, BTC/USDT saw a slight upward movement, reaching a high of approximately $30,200 due to increased buying pressure and favorable market sentiment related to macroeconomic developments. However, this bullish momentum was short-lived as the price faced resistance at $30,200. Sellers capitalized on this level, leading to a pullback to around $29,800, driven by profit-taking and regulatory concerns.
Key technical indicators, such as the Relative Strength Index (RSI), remain neutral, with short-term moving averages hinting at a potential bullish reversal. A breakout above $30,200 could lead to further gains, while support at $29,200 is crucial to avoid further downside.$USDC $BTC
