Bitcoin Präis Analyse: BTC retestéiert $ 41,000, preparéiert sech op e Réckgang?

TL; DR Zerfall

• Bitcoin Präisanalyse ass haut bullish.
• BTC/USD retested the previous low yesterday.
• Resistenz op $ 42,500 hält nach.

Bitcoin price analysis is bullish today as we expect more recovery to follow after the second test of the $41,000 support. BTC/USD has started to form consolidation, likely leading to retracement next week.

The market has seen bearish momentum over the last 24 hours. Bitcoin lost 0.2 percent, while Ethereum 2.06 percent. Meanwhile, Terra (LUNA) and Chainlink (LINK) are the top performers today, with gains of around 7 percent.

Bitcoin price movement in the last 24 hours: Bitcoin starts to consolidate as further downside is rejected again

BTC/USD gehandelt an enger Rei vu $40,672.28 - $42,228.94, wat bedeitend Volatilitéit an de leschten 24 Stonnen ugeet. Den Handelsvolumen ass ëm 37.62 Prozent erofgaang, am Ganzen $ 27.46 Milliarde. Mëttlerweil handelt d'total Maartkapital ëm $ 788 Milliarde, wat zu enger Maartdominanz vu 40.39 Prozent resultéiert.

BTC/USD 4-hour chart: BTC prepares to reverse?

On the 4-hour chart, we can see the Bitcoin price action forming consolidation above $41,000 over the weekend, likely leading to retracement next week.

During the beginning of the year, Bitcoin price continued to consolidate above $46,000 support until the beginning of this week. On the 5th of January, BTC/USD saw heavy selling return, quickly leading to around 9 percent loss to the $42,500 mark. 

A day later, more downside was tested, leading to a further low reached at $41,000. Since then, BTC has retested the $42,500 previous local support as resistance and began to consolidate.

A brief move below $41,000 was quickly rejected yesterday, indicating the return of buyers in the market. Therefore, we expect the Bitcoin price to start recovering next week, with the $42,500 mark being the first target to be broken.

Bitcoin Präis Analyse: Conclusioun 

Bitcoin price analysis is bullish today as we expect more upside to follow after rejection from the $41,000 support was seen again yesterday. Likely BTC/USD is currently preparing to finally reverse and retrace the loss seen this week.

Wärend op Bitcoin waart fir weider ze réckelen, kuckt eis Artikelen iwwer Coinbase Vault vs Portemonnaie, Cardano Präisprognose, a Krypto Steierverloscht Ernte.