Bitcoin is wavering in the low 30K's after a slow and gradual uptrend from 28.8K. Dedicated readers would have been prepared to buy at this dip over the weekend, as we have identified support here at 28.8K and 27.9K. We have held the current range for ten days now, after the dip to 25K on May 12th. However, the lingering narrow range, with lack of buying interest is not a good sign. If we cannot make another run for higher levels, then another dip is likely. A rally would find immediate resistance at 31.0K then 32.3K, with an anticipated ceiling of 34K. From below we have 25K to support if current levels do not hold. Longer term, 20K is increasingly becoming a reality, with 19K as a major Fibonacci level on the daily.