Bitcoin sharks scoop up BTC like it’s 2013 despite ‘perfect bull trap’

Several chartists warn that Bitcoin could decline toward $30,000 in February as the price action mirrors previous four-year cycles.

Bitcoin’s (BTC) 30% drawdown from all-time highs did little to deter large investors, who continued to increase their holdings throughout January.

Key takeaways:

Large holders are buying the dip, signaling long-term confidence.

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