In the past 48 hours, Bitcoin has tested the $30,500 support level on two occasions. Historically, when a major support area is tested repeatedly, it often breaks. On the third retest on Jan. 27, Bitcoin broke below $30,000. However, $30,000 is a highly important support level for BTC, and hence, whales might try to buy the level to prevent a further breakdown after reclaiming it.

Whale clusters suggest three key levels in the near term: $34,970, $29,314 and $28,727. Currently, Bitcoin is…

… Continue Reading at: cointelegraph.com [source]