Bitcoin Stable Near $30,000 But The Bearish Leg Is Far From Over

Bitcoin has been getting stable at its crucial support level of $30,000. For over a week now, Bitcoin has been trading near its immediate support level.
Over the last week, the coin lost close to 6% of its value and in the last 24 hours, BTC fell by 3%. The past week has been extremely choppy for Bitcoin and also for the altcoin due to continued market weakness.
The coin had plunged to a low of $25,000, BTC had last traded about that price level in December 2020.
Bitcoin has recovered by $5000,