Bitcoin’s price rebounds above $ 32K as MicroStrategy buys $ 10M

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

Information from Cointelegraph Markets And the TradingView It showed a stronger trading day for BTC / USD on Friday, with daily gains of 8.5% at the time of writing.

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.

1-hour BTC / USD candle chart (Bitstamp). Source: TradingView

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.