![Market Wrap: Bitcoin Close to K as Investors Search for a Bottom Market Wrap: Bitcoin Close to K as Investors Search for a Bottom](https://www.coindesk.com/resizer/EHRZeqgtgapnLE5ilw4lNXOI2TY=/800x600/cloudfront-us-east-1.images.arcpublishing.com/coindesk/AYJ3LCBCG5AKPLDHX46O6M2BQU.png)
Bitcoin (BTC) is trading around the $30K price level and appears to be in the mid-to-late stage of a bear market phase, according to some indicators. Meanwhile, some fund managers are hoping for a 10%-20% price jump to recover from last month’s losses.