Is Bitcoin Yet To Find A Bottom Or Will It Retest The $41K Level? Here's What The Experts Are Saying
Benzinga
Published Jan 31, 2022 11:52
Updated Jan 31, 2022 12:40
Is Bitcoin Yet To Find A Bottom Or Will It Retest The $41K Level? Here's What The Experts Are Saying
As Bitcoin (CRYPTO: BTC) and other major cryptocurrencies traded lower on Sunday evening ahead of the Lunar New Year holidays in some Asian markets, four analysts and expert traders shared their thoughts on the largest cryptocurrency by market capitalization.
What Happened: Amsterdam-based popular cryptocurrency analyst Michaël van de Poppe told his over 567,000 followers on Twitter that Bitcoin has not yet broken through resistance at $38,500.
He added that Bitcoin could test the $41,000 level if it moved above the $38,000 range. However, the cryptocurrency could fall to the $32,000 to $33,000 range if it dropped below the $36,000 range.
Price Action: Bitcoin is down 2.9% during the past 24 hours, trading at $37,010.11 at press time.
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Written By: Benzinga
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