BTC Decided to Rest – Under the Impact of $26,000

[Sankalp Kumar]

 

The uncorrected BTC price growth could not last forever. This is exactly the message you can see on the BTC chart today. After setting a new historical high of $41,950, buyers decided to go on vacation. This is evidenced by the daily candle on 9 January: As you can see in the chart, the active pressure of buyers on the price in the period from 5 to 8 January ended with the beginning of the weekend. The result of this holiday was the BTC price fall by almost 20% in 3 days. In the previous article, we expressed our concern about the ease of price moved down by 10% in an hour. 

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