Bitcoin now testing the uptrend line and need to hold above the uptrend line. We may see another retest of the resistance area. The decision time is coming and we will see a breakout soon either side.
Agreed, the bulls are testing the levels and there is possibility of the uptrend to start. I believe everyone has passed on from the PTSD of some millionaires bearish on bitcoin and some countries banning mining and so on.
However as of this time bitcoin is down by -4.26% at 33k USD. The 32k USD support level should hold hoping that there has not been another big negative news.
Some people has cashed out these levels of 35k and 40k which is why price failed to rise beyond that. Are we still having some 2017 pump buyers still on the market? Probably yes, foolish enough to buy at 20k when it was the first all time high of that range.
Price close to 30k USD is defenitely a point of buying. But be cautious, crypto once it starts falling the FUD pours in and dumping crosses all limits.