Bitcoin's price has been stagnant after facing rejection at the critical $30,000 resistance zone but is currently consolidating near a pivotal support area, including the 100-day moving average and the lower boundary of a multi-month ascending channel. The daily chart analysis shows a slight corrective phase in early July, with BTC gradually approaching a substantial support range at around $28,500. This price range holds significant importance as robust support that could potentially prevent further declines. However, the current price action within this pivotal support area suggests market indecision, evident from the formation of small and directionless candles. If the price receives support and witnesses strengthened buying pressure, market participants could anticipate a decisive reversal in price. Conversely, in the absence of such support, the price might breach the mentioned support levels, subsequently triggering a cascade effect toward the noteworthy support zone at $25,000.