Absence of Bitcoin ‘panic selling’ suggests BTC drop below $98K is a short-term blip: Analyst
Bitcoin’s sell-off to $97,777 was followed by a healthy response from dip buyers. Is a snap back to BTC’s range highs the next logical step?
Bitcoin (BTC) price witnessed a sharp decline of 7.13% toward the tail end on Jan. 26 to the early hours on Jan. 27, dropping under $100,000 for the first time since Donald Trump became the 47th US president.
Bitcoin 4-hour chart. Source: Cointelegraph/TradingView
Since then, the crypto asset has teased a position above $100,000 as the market contemplated the next directional bias.
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Author: Biraajmaan Tamuly
