📈 Bitcoin recovers from 3-week low

6:55 AM January 22, 2021

🔼 Bitcoin dropped to $29,000 but managed to recover

Bitcoin has been having a hard time recently. The most famous cryptocurrency launched a pullback after reaching a new all-time high in the $42,000 area and has reached a 3-week low last night near $29,000 handle, marking a 30% pullback from a record peak. However, a recovery started later on and now Bitcoin is trading near $31,500.

Bitcoin extended decline and dropped below $29,000 over the night. However, the coin managed to recover and is now trading back above the support zone at $30,000. Source: xStation5

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