Bitcoin (BTC) fell under $30,000 on Tuesday as the latest BTC price dip took the largest cryptocurrency below a significant “line in the sand.”
Bitcoin beats May price bottom
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD crashing through $30,000 support, shedding 6% in an hour and hitting its lowest levels since late January.
After dropping from $41,000 a week ago, Bitcoin has seen multiple rapid bursts of downward volatility in recent days, culminating in Tuesday’s $30,000 breach.
As Cointelegraph reported, the breakdown was widely anticipated by traders, some of whom were already calling for $25,000 and even lower.