Pro traders buy the dip as bears push Bitcoin price to the edge of $30K
Cointelegraph
Published Jan 21, 2021 05:42PM ET
Updated Jan 21, 2021 07:20PM ET
In the last 24-hours Bitcoin (BTC) price dropped 14% and tested the $32,000 support for the fifth time this year. Traders probably became even more worried as the price fell to $31,050 but at the time of writing the 4-hour chart suggests that the selling could be slowing down.
Currently the shorter-term charts indicate that Bitcoin is still flirting with bearish territory but a number of derivatives indicators and the top traders flow reflect neutral to bullish levels.
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Written By: Cointelegraph
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