Bitcoin traders flip their bias and cast downside BTC price targets in the low $30,000 zone.
The total crypto market capitalization dropped on Jan. 23 with the global market value falling from $1.6 trillion to $1.5 trillion, representing a 5.5% day-on-day decline.
While trading volumes rose by 55%, it is largely due to the sell-off in the market.
Bitcoin (BTC) price fell below $40,000 to trade at $38,521 on Jan. 23.
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Source: https://cointelegraph.com/news/bitcoin-traders-target-30k-34k-price-zone-due-to-bearish-btc-chart-patterns