Was $39,650 the bottom? Bitcoin bulls and bears debate the future of BTC price By Cointelegraph – Investing.com
- Date: 12-Jan-2022
- Source: Investing.com
- Sector:Financial Markets
- Country:Middle East
Was $39,650 the bottom? Bitcoin bulls and bears debate the future of BTC price By Cointelegraph – Investing.com
(BTC) price made a quick pop above $43,100 in the U.S. trading session but uncertainty is still the dominant sentiment among traders on Jan. 11 and bulls and bears are split on whether this week's drop to $39,650 was BTC's bottom.
Data from Cointelegraph Markets Pro and TradingView shows that the price of Bitcoin has traded tightly around the $42,000 level as the global financial markets digested U.S. Federal Reserve Chair Jerome Powell's statements on the upcoming fiscal policy changes.
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