These 5 charts show why Bitcoin price failed to break $35K

Cointelegraph

Published Jan 26, 2021 05:07AM ET

Updated Jan 26, 2021 06:40AM ET

Bitcoin (BTC) fell towards $30,000 on Jan. 26 after higher levels evaporated and fresh miner outflows appeared to suppress price action.

Data from Cointelegraph Markets and Tradingview showed the largest cryptocurrency abruptly U-turn as it neared $35,000 in early week trading.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView
Small miner outflows chart. Source: CryptoQuant
Total miner outflows chart. Source: CryptoQuant
Bitcoin Days Destroyed 7-day moving average chart. Source: Glassnode/ Twitter
USDT order heatmap on Jan. 26. Source: Material Indicators/ Twitter
Crypto Fear & Greed Index chart. Source: Digital Assets Data

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