Bitcoin halts volatility at $23K as BTC hodlers see mass return to profit
Short-term and long-term investors alike are back in the black with Bitcoin undecided on where to go next. Bitcoin (BTC) traded sideways at the Jan. 24 Wall Street open with analysts at a loss over where price would go next. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price holds below key resistance Data from Cointelegraph Markets Pro and TradingView tracked a day of consolidation for BTC/USD, which continued to linger near $23,000. The pair saw little reaction to the start of trading, including technical problems at the New York Stock Exchange, while United States macroeconomic data also failed to change the status quo. Bitcoin thus lacked direction after establishing a narrower trading range on Jan. 20. “ Bitcoin couldn't break through a crucial resistance at $23.1K,” Cointelegraph contributor Michaël van de Poppe summarized. “If we continue to make LHs, we'll probably test and sweep around $22.3K before continuation. Grants some serious buying opportuni...