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Pro traders buy the dip as bears push Bitcoin price to the edge of $30K – Cointelegraph

After correcting 15%, Bitcoin price dropped below $30,000 but derivatives indicators suggest pro traders are buying the dip.



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In the last 24-hours Bitcoin (BTC) price dropped 14% and tested the $32,000 support for the fifth time this year. Traders probably became even more worried as the price fell to $31,050 but at the time of writing the 4-hour chart suggests that the selling could be slowing down. 
Currently the shorter-term charts indicate that Bitcoin is still flirting with bearish territory but a number of derivatives indicators and the top traders flow reflect neutral to bullish levels.
The last three times Bitcoin…

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