Bitcoin’s price analysis in the last 24 hours shows positive reactions to support levels and a broken downward trend line. It has the potential to reach $30,500 with support at $29,900. Failure to break resistance at $30,200 may lead to further decline, with support levels at $29,650 and $29,525. If bearish momentum continues, the price could drop towards $29,200 and potentially $28,750. The RSI level of 40 indicates a balanced market sentiment, while the MACD value of -137 suggests significant bearish momentum. Comment: Over the past day, Bitcoin has shown positive performance. The support level at around $29,900 on the chart proved effective, leading to a significant increase in Bitcoin’s value over a 4-hour period. If this upward trend continues, we can anticipate Bitcoin’s movement to reach the resistance level around $30,500. Furthermore, Bitcoin has been exhibiting an upward trend in the 1-hour timeframe, and as long as it maintains the support provided by the upward trend line, it has the potential to reach the specified targets. Comment: Bitcoin is testing the $29,500 support level.