Bitcoin price drops under $30K as ‘moment of truth’ arrives, says trader

Bitcoin (BTC) retested the $30,000 support on Jan. 27 as a day of losses culminated in violation of the psychologically significant price level.

BTC/USD 1-minute candle chart (Bitstamp). Source: Tradingview

BTC price spooks amid GameStop row

Data from Cointelegraph Markets and Tradingview showed any bullish momentum left in Bitcoin dissipate on Wednesday after rejection at highs near $33,000.

“Another $30,000 retest for #Bitcoin,” Cointelegraph Markets analyst Michaël van de Poppe


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