Bitcoin bounced back from the high area of around $30,000, and trends to the upside of its current range.
The general sentiment in the market seems optimistic as BTC’s price was able to push back the bears’ fresh assault and prevent further losses.
The current price action seems to be trending upwards in volatility after a long period of stagnation for BTC’s price.
At that time, Bitcoin broke out of its bear market price action from the $3,000 to $16,000 range and into uncharted territory.
Bitcoin’s dull price action over the recent month led bitcoin’s 30-day volatility to reach its lowest levels since November 5th, 2020, on Saturday, April 16th.
$39,000 and $38,000 continue to display important support for BTC’s price in case of potential downside.
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