On the hourly chart, the price of Bitcoin (BTC) is looking bearish as the rate is returning to the recently formed support level at $29,351. If buyers cannot seize the initiative, the breakout may lead to a decline to the $29,300 area tomorrow.
The situation is neither bullish nor bearish on the weekly chart as the rate is far from the main levels. In this case, the more likely scenario is sideways trading in the area of $29,000-$30,000 until the end of the month.