Bitcoin (BTC) showed signs of a resurgence on Jan. 22 after a trip below $30,000 produced fresh buyer back up.

BTC toll seals 8.5% daily bounciness

Data from Cointelegraph Markets and TradingView showed a stronger trading mean solar day for BTC/USD on Fri, with daily gains at 8.5% at the fourth dimension of writing.

The turnaround follows a turbulent 24 hours in which Bitcoin slid to $28,950 — a primal level when it comes to support from whales and only its second dip below $30,000 this year.

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

At the same fourth dimension, MicroStrategy, well known for its ever-increasing Bitcoin treasury, confirmed that it had purchased 314 BTC to bring its total hoard to lxx,784 BTC.

"Microstrategy just bought 314 more #Bitcoin for $10M. @michael_saylor bought the dip," Twitter-based information resource Documenting Bitcoin summarized, referring to the company'south CEO, Michael Saylor.

The latest purchase-in came at an average cost of $31,808 per Bitcoin and joins asset managing director Grayscale's ongoing purchases that defy overall selling activeness in the past few weeks.

All eyes on whales at $29,000

Among other major BTC investors, meanwhile, interest remained focused on the area at merely below $30,000.

According to monitoring resource Whalemap, that expanse is crucial to hold in order to avert a further price dip on BTC/USD, ane that could take the pair closer to $twenty,000.

"Falling below $28,727 and consolidating at that place volition give the states another large driblet to at to the lowest degree $23,818," part of a series of tweets explained, along with an accompanying graphic.

Bitcoin whale back up levels chart. Source: Whalemap/ Twitter

"Not many supports below $28,727 right now, so if we start consolidating there, it will probably bring BTC all the way to at least $23,818," co-founder Artem Lazarev told Cointelegraph.

"$23,818 is non super strong but even so should provide time for BTC to reassess the situation. Otherwise, $19,322 is super potent and a level for which big guys are setting their stoplosses probably."