Bitcoin broke above the $31,000 level on July 4th. As a result of this rally, the cryptocurrency hovered near a one-year high in today's session.

Bitcoin (BTC) has approached a new year high on Tuesday as US markets were closed for the July 4 holiday.
Starting the week with a drop at $30,586, BTC/USD reached an intraday high of $31,375 in the early hours of the session.
This move brought Bitcoin closer to $31.443, the highest it saw last Friday, which was its strongest point since June last year.
Earlier momentum faded as the relative strength index (RSI) faced resistance at the 70.00 level.
Currently, the index is hovering at 68.43 and seems to be moving towards the support at 66.00.
Once this level is reached, the probability of Bitcoin trading at $30,500 becomes stronger.
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