Bitcoin is wavering in the low $30K's after a slow and gradual uptrend from $28.8K. Dedicated readers would have been prepared to buy at this dip over the weekend, as we have identified support here at $28.8K and $27.9K. We have held the current range for ten days now, after the dip to $25K on May 12th. However, the lingering narrow range, with lack of buying interest is not a good sign. If we cannot make another run for higher levels, then another dip is likely. A rally would find immediate resistance at $31.0K then $32.3K, with an anticipated ceiling of $34K. From below we have $25K to support if current levels do not hold. Longer term, $20K is increasingly becoming a reality, with $19K as a major Fibonacci level on the daily.
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