Bitcoin recovers after falling below $30,000

At the end of last week, Bitcoin (BTC) reached $31,700, but already at the weekend it fell to $29,980. Whales and short-term investors were the most active sellers.

Over the past few days, the cryptocurrency has been trading in a narrow range, periodically falling below $30,000 and rising above this mark.

At the time of publication of this review, BTC was trading at $30,250. On July 19, the daily trading volume of bitcoin was almost $94 billion.

The Relative Strength Index (RSI) on Tuesday began signaling that BTC was oversold, and many experts bet on a quick return of positions.

Today, the RSI remains neutral, which means that the cryptocurrency has a good chance of maintaining a positive vector.

Ether (ETH) rose to $1916 while Binance Coin (BNB) rose to $244.5.

Dogecoin (DOGE) and Polygon (MATIC) gained 5% overnight to $0.071 and $0.789, respectively.

Bloomberg strategists predict that Bitcoin will stagnate in the coming days.

Altcoins, on the contrary, can show growth.

The most successful in the short term may be digital currencies from the second ten of CoinMarketCap.