Bitcoin (BTC) attempted to hold higher on April 30 as a corporate milestone in Hong Kong increased momentum. Cointelegraph Markets Pro and TradingView data showed local highs of $64,714 on Bitstamp after the daily close.

This coincided with the launch of new spot Bitcoin exchange-traded funds (ETFs) in Hong Kong, a key moment for an industry in Asia where conditions have rarely encouraged Bitcoin as a mainstream asset.

BTC price action thus received a healthy relief after the lows below $62,000 at the beginning of the week.

Popular trader Daan Crypto Trades uncovered a breakout from a falling wedge that is in the process of being retested as potential support.

Meanwhile, on derivatives platforms, funding rates are still slightly negatively skewed.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should do their own research when making decisions.

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We are waiting your comments! What impact do you think this new development in Hong Kong will have on Bitcoin's future price movement?