The recent selling pressure may be with the approaching Federal Reserve meeting^[1], which is likely to witness a new increase in interest rates, which means withdrawing more liquidity. Therefore, all these factors put pressure on the price during the current and next meeting, and therefore it is difficult to see levels above 31.7k soon, but this does not mean We will decline or not break those levels before the end of the year.

[1] https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm