The struggle of BTC to stay above 31k

Bitcoin and altcoins gain positive momentum at lower prices.

Bitcoin struggles to maintain above $31,000, with consolidation near overhead resistance being a positive sign. Failure to rise above it may lead to short-term liquidations. A shallow pullback is not considered a trend change, as bulls often regroup and launch another attack. Binance CEO Changpeng Zhao believes Bitcoin could see a bull year after halving in 2024. BlackRock CEO Larry Fink expressed positive comments about Bitcoin, stating it could be a hedge against inflation or currency devaluation.