Bitcoin Price Struggles with $30,000: Chances of a Rally Still Questionable

Bitcoin gained minimally within the past 24 hours to $29,429

It has been unable to hold above $30,000 for a continuous period

There are indications that BTC could benefit from the inflation rate

While Bitcoin has made a progressive U-turn in its value since hitting its local bottom some time ago

The crypto has largely been hovering around the $29,000-$30,000 mark. It has struggled to hold above $30,000 for a sustained period

Bitcoin dropped below $25,000 last week due to the Federal Reserve’s halt in the interest rate hike