Cryptonian

02/09 18:15

BTC price hits 2-week low amid warning Fresh dip

Bitcoin price hits 2-week low amid warning $22.5K loss means fresh dip
Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it traded around $22,700 on Bitstamp.

The pair had dipped to $22,378 earlier in the day, this marking its lowest levels since Jan. 25 and a reinforcement of $22,400 as an important zone to watch.

“We tapped the swing low at $22,500 followed by a bounce. I would look for the bears to escalate the drop once we lose that low,” popular trader Crypto Tony summarized in part of Twitter coverage.was “More likely to go lower if 22.3k is tagged.”

In an update to analysis from Feb. 8, fellow Twitter account TraderSZ showed Bitcoin dropping below $23,000, which he had warned would mean “moving hard lower.”

“BTC - clean break below dashed line then I think we get moving hard lower. Expansion phase very soon,” he wrote at the time.while the U.S. dollar index (DXY) saw a comedown on the day, dropping back below the 103 mark.

The dollar looks washed, trader and podcast host Scott Melker, known as The Wolf of All Streets, reacted, arguing that DXY weakness could continue to serve risk assets.

#BTC преодолел отметку в $120 000!

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