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Bitcoin (BTC) showed signs of a resurgence on Jan. 22 after a less than $ 30,000 journey that garnered new buyer support.

BTC price seals 8.5% daily bounce

Data from CoinTelegraph Markets and TradingView Friday showed a stronger trading day for BTC / USD, with a daily gain of 8.5% at time of writing.

The turnaround follows a turbulent 24 hours in which Bitcoin slid to USD 28,950 – a significant level when it comes to whale-only support the second dip below $ 30,000 this year.

BTC / USD 1-hour candle chart (Bitstamp). Source: TradingView

At the same time, MicroStrategy, known for its ever-expanding Bitcoin treasury, confirmed that it had bought 314 BTC to bring its total treasure to 70,784 BTC.

“Microstrategy just bought 314 more #Bitcoin for $ 10 million. @Michael_saylor bought the dip,” Twitter-based source of information Documenting Bitcoin summarized, referring to the company’s CEO, Michael Saylor.

Last buy-in averaged $ 31,808 per Bitcoin and ties in with ongoing purchases from asset manager Grayscale defies general sales promotions the past weeks.

All eyes on whales at $ 29,000

Among other major BTC investors, meanwhile, interest in the area remained focused at just under $ 30,000.

According to control source Whalemap, that area is crucial to hold onto to avoid a further price dip on BTC / USD, one that could take the pair closer to USD 20,000.