June 29 (Cointime) - Bitcoin made another attempt to reach $31,000 on June 29, but failed to break through. The cryptocurrency remained in a short-term trading range between $30,000 and $31,000, lacking the momentum to continue its previous uptrend or reverse downward. However, market participants believe that flipping higher resistance levels to support is likely to happen soon.

The week's major macroeconomic data releases, including Jerome Powell's commentary on economic policy and Personal Consumption Expenditures figures, were expected to be the volatility catalyst for risk assets. The June 30 options open interest expiry for both ETH and BTC was also a talking point, with a huge $4.7 billion at stake.