#Bitcoin update (Continuous)

🔶Bitcoin is declining below the critical support level of $30,500.

🔶The weekly candle for Bitcoin has closed with a bearish tone.

🔶The price is currently trading below both the $30,500 level and the 100-hourly Simple Moving Average.

🔶On the hourly chart of Bitcoin, there was a breakdown below a support around $30,200.

🔶If Bitcoin remains below the $31,200 level for an extended period, there is a possibility of further decline.

Stay tuned for more info!!