Bitcoin was recently trading above $31,000, up about 3.5% over the past 24 hours and roughly 16% from the $26,600 depths it sank to mid-Friday. “Bitcoin did indeed face downward pressure that saw it losing the $30K support, but it did not fall below the 25K level,” Joe DiPasquale, the CEO of crypto fund manager BitBull Capital, wrote to CoinDesk.