BTC Bulls Take Control Above $17K, But Worrying Signs Appear (Bitcoin Price Analysis)

BTC Bulls Take Control Above $17K, But Worrying Signs Appear (Bitcoin Price Analysis)


Crypto Potato
2023-01-10 15:37:15

Bitcoin’s price has initiated a rally after finding solid support at around $16.5K and breaking the 50-day moving average. However, the bullish momentum has weakened as the price faces a critical resistance level. Technical Analysis By Shayan The Daily Chart After a short-term consolidation at the $16.5K support level, the price has finally started an