These 5 charts show why Bitcoin price failed to break $35K

(BTC) fell towards $30,000 on Jan. 26 after higher levels evaporated and fresh miner outflows appeared to suppress price action.

Data from Cointelegraph Markets and Tradingview showed the largest cryptocurrency abruptly U-turn as it neared $35,000 in early week trading.

1-hour candle chart (Bitstamp). Source: TradingView
Small miner outflows chart. Source: CryptoQuant
Total miner outflows chart. Source: CryptoQuant