Bitcoin (BTC) Showed signs of resurfacing on Jan.22 after a less than $ 30K flight that spawned new buyer support.
BTC price seals 8.5% daily retracement
The shift comes after a tumultuous 24 hours Bitcoin slipped to $ 28,950 – a key level when it comes to support from whales and only Its second drop from $ 30,000 this year.
Meanwhile, MicroStrategy, known for its ever-growing Bitcoin Treasury, Has been confirmed It bought 314 BTC, bringing its total stock to 70,784 BTC.
“Microstrategy just bought an additional 314 #Bitcoin for $ 10 million. Michael_saylor bought the drop,” Twitter-based information resource for Bitcoin authentication Summarization, Referring to the company’s CEO, Michael Saylor.
The most recent purchase came at an average cost of $ 31,808 per bitcoin and joined the ongoing Grayscale Asset Management purchases that Challenging mass sales procedures In the past few weeks.
All eyes on whales are priced at $ 29,000
Meanwhile, among the other major BTC investors, interest has remained focused on the region at under $ 30K.
According to monitoring sources WhaleTherefore, this area is necessary to avoid a further drop in prices on BTC / USD, which could bring the pair closer to $ 20,000.
He explained part of a series of tweets, along with the accompanying graphic: “The drop to less than $ 28,727 and the merger there will give us another big drop to at least $ 23,818.”
Co-founder Artem Lazarev told Cointelegraph, “There is not much support under $ 28,727 at the moment, so if we start to consolidate there, BTC is likely to reach at least $ 23,818.”
“$ 23,818 is not very strong but nonetheless should provide time for BTC to re-evaluate the position. Otherwise, $ 19,322 is very strong which is the level at which the top players are most likely making their final choices.”