Bitcoin (BTC) on Tuesday during the European session fell to $22,960. The coin lacks support to overcome the resistance around $23,000. At the same time, since the end of December, BTC has strengthened by about 40%, and many analysts believe that over the next 12 months, the largest digital currency will be able to win back last year’s losses. In addition to the $23,000 mark, the nearest areas of strong resistance formed at $23,200, $23,400 and $23,500. Former BitMEX CEO Arthur Hayes is not ruling out a new pullback if the Federal Reserve does not soften the rhetoric. Bitcoin’s run
There will be a mass liquidation of short positions on bitcoin if it overcomes the current resistance. After an impressive rise of more than 40% in January, Bitcoin continues to consolidate in the $23,000 area. According to the cryptocurrency screener Cryptovizorwhich determines the market price of BTC/USD based on the…
Bitcoin has taken and then given away $23,000 for the past week, with this developing into the biggest resistance line so far, even more so than $20,000. The crypto now sits just under $23,000, but that it returned after a dip to $22,300 is a relief for many bulls. Gain…