Update now: We are already in the middle of the month of July and the price of Bitcoin is still above $30,000.
For me, Bitcoin is already started to create strong support at the $30,000 price and another thing is $30,000 is psychological support which as you can see recently, this month. Every time we drop below $30,000, it just keeps bouncing.
Let's wait for the monthly close candle, I will be bullish once Bitcoin will stay above $30,000.
Although I'm not still confident about Bitcoin going to $30k as its support but at the same time, I am very much happy that we're seeing its almost half from the last ATH.
This is why we do love Bitcoin. There's a huge dump within a few hours and then it recovers so fast. Thanks to the many institutional buyers that have been quick in buying those sold Bitcoins by the panic sellers.
I am not sure if that should be a good thing that they're gaining more than anyone else but for now, that's it and we're just seeing the demand gets higher.