Bitcoin fails to rebound after a $5,000 drop in a single day, with a BTC price retest of $88,000 now "highly probable."
Bitcoin (BTC) fell below $96,000 on Jan. 8 as a spot sell-off forced BTC price action to a “pivotal” level.
BTC/USD 1-hour chart. Source: Cointelegraph/TradingView
Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it shed another 1.7% on the day.
