Bitcoin Price Holds Ground But Momentum Keeps Fading Below $31K

Bitcoin price is holding the key $30,000 support zone. BTC must settle above $31,000 and $31,400 to start a fresh increase in the near term.Bitcoin is showing a few positive signs above the $30,000 support zone.
The price is trading above $30,200 and the 100 hourly Simple moving average.
There is a short-term bullish trend line forming with support near $30,400 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could gain bullish momentum if there is a close above $31,200.