Bitcoin Under Pressure; Lower Support at $30K-$35K

Bitcoin ( $61,660.00 ) (BTC) remains in its short-term downtrend begun in November, currently off 40% from its all-time high near $69,000. The cryptocurrency was testing initial support at $40,000 at press time, although stronger support is seen at $30,000, which was roughly the bottom of 2021’s selloff.