After breaking the $30,500 resistance, bitcoin has found new resistance level at $32k, where it traded for two days before falling back below $30k.

Looking further up, we see another resistance level at $34,500, which served as a strong support level earlier this year.

After breaking the $30,500 resistance, bitcoin has found a new resistance level at $32k, where it traded for two days before falling back below $30k.

Looking further up, we see another resistance level at $34,500, which served as a strong support level earlier this year.

On the downside, $29k has served as strong support for bitcoin since the beginning of May.

If bitcoin is not able to hold the $29k support, $25,500 might be the next support level to look out for, as it marked the bottom of bitcoin’s crash at the beginning of May.