Bitcoin (BTC) rebounds after crashing below $30,000 – Can it surge past $34,000?

Bitcoin (BTC) appears to have slightly recovered after one of its worst crashes in 2022. The coin had fallen below $30,000 for the first time since July last year. However, it rebounded sharply in a few days. Here are the main takeaways:
BTC is currently hovering above $31,000 after a slight recovery over the last 24 hours
However, there still remains a significant downside risk that could push BTC below $30,000
Bullish RSI divergence however suggests a surge towards $34,000 could happen
Data So