Bitcoin price remained supported near the USD 29,500 level and started a recovery wave above the USD 30,500 resistance.
After forming a base near the USD 29,500 level, bitcoin price was able to start a recovery wave.
On the downside, an initial support is near the USD 30,500 level.
It is now approaching the USD 1,900 level and is up 5% in a day and almost 4% in a week.
On the downside, an initial support is near the USD 1,850 level.
Many altcoins are showing positive signs, including DOT, TRX, AVAX, LEO, MATIC, LTC, NEAR, LINK, UNI, ALGO, ATOM, and HBAR.
Overall, bitcoin price is moving higher and is testing the USD 31,200 resistance.