Was $39,650 the bottom? Bitcoin bulls and bears debate the future of BTC price

Was $39,650 the bottom? Bitcoin bulls and bears debate the future of BTC price
фото показано с : cointelegraph.com

2022-1-12 23:30

BTC bulls seem to believe the bounce off $39,650 marked the bottom, but bears warn that a looming death cross on the daily chart is a sign of further downside.

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Bitcoin (BTC) на Currencies.ru

$ 66107.53 (+0.15%)
Объем 24H $37.469b
Изменеия 24h: 7.33 %, 7d: 7.11 %
Cегодня L: $61392.69 - H: $66158.9
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Цена в час новости $ 42757.5 (54.61%)

btc bears bulls 650 bottom cross death

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Фото:

Bitcoin Price Analysis: Bitcoin Tests Boundary Support as Demand Weakens

Following last Friday’s drop, bitcoin has found itself coiled, once again, at the bottom of the range it established back in December. With the current market unable to close a new high, the market finds itself in a precarious position:Figure 1: BTC-USD, Daily Candles, Range Support TestThe blue support level shown above illustrates the boundary of the multi-week range bitcoin has been bound by.

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