As of August 30, 2024, Bitcoin's market exhibits short-term bearish trends, with support at $57,800 and resistance at $61,400. The technical score, currently at -72, indicates some caution is warranted in the short term. However, in the medium term, Bitcoin is trading within a broader range of $52,922 to $68,826, where the outlook remains neutral with support at $57,400.

From a long-term perspective, the outlook for Bitcoin remains cautiously optimistic. Support is currently observed at $53,429, with resistance at $68,509, yielding a weak positive score of 29. Despite the short-term volatility, Bitcoin’s long-term potential remains intact, especially if it can break through key resistance levels.