Bitcoin: The Battle for $30k

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The Bitcoin bulls and bears are battling it out to see whether on not $30k can hold. If the Bitcoin bulls are unable to hold it, and the price of Bitcoin starts heading south rather quickly, many altcoins stand to lose a decent amount of their valuations against Bitcoin. On the contrary, holding $30k and bouncing back up, would likely further catalyze more rallies in the rest of the market. Do you think Bitcoin will hold $30k and bounce to new high in the short-term? Or are we in a downtrend channel that will turn the stomachs of those who chased the pump at $42k? Let me know in the comments below!

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