❗ Bitcoin struggles to hold onto $30,000, nears critical support

Is the current consolidation in Bitcoin's ascent only a pause on the way to higher levels? That is what Cathie Wood thinks. The influential investor has always been bullish. On the other hand, renowned hedge fund manager ay Dalio is skeptical.
On the one hand, regulation is weighing on digital assets, but hopes for the end of Fed hiking is a positive development.
The 4h-chart shows a loss of upside momentum, but BTC/USD's hold of the 4h-50 SMA means bulls are holding up.
Support is at 29 ,706, followed by 29 ,230 and 28 ,819. Resistance is at 30 ,580, followed by 31 ,043 and 31 ,734.