<p><img src="https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-07/fd8e40d1-0a0f-4e0d-afbc-bd2ffdbd39eb.jpg"></p><p>Bitcoin bulls have failed to step in, increasing the chance for a retest of the $29,500 support.</p>