(7/21, Wed) btc went back to the first day of the year, closing under 30k in 7 months

Yesterday(7/20 00:00 - 24:00, UTC+0), bitcoin price recorded its starting as $30805, its lowest as $29211, its highest as $31040, its closing as $29779. Bitcoin peaked right after the start of Tuesday and started to decline thereafter, breaking below $30,000 with a large sell volume at 03:15, reaching a bottom at 14:15, and then rebounding, but failed to break above $30,000 and ended -3.3% decline.

Yesterday's closing price was the second lowest below 30k this year with the first of $29,402 on 1/1. That being said, it's back to where it was after 7 months, and it's important to keep in mind that this 30k could turn into resistance rather than support in the near future until the market sentiment change.

In the financial market, the preference for safe assets from the previous day has softened, stocks rebounded, and dollar and bond prices have calmed down, which seems to have prevented further declines in cryptocurrencies. As usual, the spread of the Covid-19 issue, which was used as a material for recent hike for safe assets, did not improve again, but the market ignored the issue and rose with the company's performance as a material. It is doubtful that the counterattack by investors who had invested in the US dollar and US bonds and continued to lose until a few months ago is underway.