3 reasons Bitcoin tumbled below $30,000 in a surprise overnight correction
Cointelegraph
Published Jan 22, 2021 07:31AM ET
Updated Jan 23, 2021 09:40AM ET
The price of Bitcoin (BTC) is continuing to reject the $35,000 resistance level, falling below $30,000 briefly overnight on Jan. 22.
BTC has pared some losses since, bouncing above $31,500. At these prices, however, BTC/USD is headed for its worst week ever, losing over $5,000 in the past four days, as the bulls attempt to establish $32,000 as new support.
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Written By: Cointelegraph
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