BTC/USD struggles between key HMAs on the road to recovery. RSI points higher, now eyeing to reclaim the bullish region. Acceptance above $33K is needed to extending the bounce. Bitcoin (BTC/USD) is making minor recovery attempts on the $31K level, having dipped to fresh daily lows sub-$30K threshold. The no. 1 coin remains pressured so far this Tuesday, consolidating the corrective slide from record highs of $34,799 reached Sunday. The bears have failed to find acceptance under the $30K mark, keeping the upside bias intact in the most favorite digital asset. BTC/USD: Hourly chart As observed in the hourly chart, the Bitcoin buyers are trying hard to recapture the critical barrier around $31,480, which is the confluence of the horizontal 21 and 100-hourly moving average (HMA). Acceptance above the latter could put the $32K hurdle at risk once again. A sustained break above that level could expose the 50-HMA at $32,368. The bulls need to clear the above resistance in order to regain the $33K mark. The recent bullish momentum is likely to resume only on a breakthrough the latter, opening doors for a retest of the record highs. The hourly Relative Strength Index (RSI) is inching higher, looking to enter into the bullish territory above 50.00. Alternatively, the $30K cushion could once again come to the bulls’ rescue, failure to resist it could threaten the upward-sloping 200-HMA support at $29,649. Bitcoin: Additional levels FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next EUR/GBP Price Analysis: Jumps to three-day tops, around mid-0.9000s FX Street 1 year BTC/USD struggles between key HMAs on the road to recovery. RSI points higher, now eyeing to reclaim the bullish region. Acceptance above $33K is needed to extending the bounce. Bitcoin (BTC/USD) is making minor recovery attempts on the $31K level, having dipped to fresh daily lows sub-$30K threshold. The no. 1 coin remains pressured so far this Tuesday, consolidating the corrective slide from record highs of $34,799 reached Sunday. The bears have failed to find acceptance under the $30K mark, keeping the upside bias intact in the most favorite digital asset. BTC/USD: Hourly chart As observed in the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.