BTC/USD Slides Down in Sentiments, May Test Support

[Fawpac2]

BTC/USD began the week with a 3.57% uptick during the last 24hours. The week ending till 24th January saw a 9.8% drop in its prices. So this is positive to begin the week.

The lowest point intra-week fall was at $29,396 on 22nd January 2021. On 23rd January, it rallied to go at $33,781 and to end the week at $33,054, as per the prices listed on Binance.

Ever since the beginning of the year, the price has moved steadily upwards crossing $30,000, except 4th January, when it saw a slump towards $30,098. Last week’s push through the 23.6% FIB levels saw these prices being tested again at the support levels of $31,023
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