27th January: BTC/USD Breaks below 31,000, ETH/USD Dips below 1,300
BTC/USD began the trading session of 27th January, Wednesday, at 32,501 as per the exchange rate on CEX.IO. From the day’s start the pair began slipping down with a determination to break down below the 2.618 Fibonacci retracement level positioned at 31,000. The pair was trending down in a steadily going downside move with two flag formations clearly visible on the 15-minute timeframe between 06:00 and 08:00 UTC and between 09:00 and 11:00 UTC.