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Bitcoin Stumbles at $24K, Correction on the Horizon?

Vera Golubev by Vera Golubev
February 4, 2023
in Crypto
Reading Time: 1 min read
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While Bitcoin is still moving within the chart I have published for a few days, it is currently trading at $ 23364 with a 0.33% retracement in the markets.

Possible Scenarios in Bitcoin

As I mentioned in my previous articles, Bitcoin has been moving within the channel for a long time. In the first scenario in Bitcoin approaching the channel bottom, I expect it to react from the bottom of the channel and move towards the top of the channel, which is $ 24700, but it should be noted that if the channel is broken, there may be a sharp pullback and it can be pulled up to $ 22350.

blockdag 70m

Possible scenarios in Bitcoin

Latest Situation in Altcoins;

  • Ethereum b 0.11% down at $1661,
  • Solana was down 0.45% at $24.58,
  • Avax is down 0.41% at $21.24,
  • Ada fell 0.58% from $0.4140,
  • Ripple is trading at $0.4100, down 0.01%.

You may be interested in: Bitcoin Rises 40%: Is a Bull Rally Coming?

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Vera Golubev

Vera Golubev

Vera holds a master's degree from New York University in Business and Economics, was a banker turned writer who discovered cryptocurrency, now a fintech blogger, crypto journalist, and growth marketer. She is passionate about helping startups spread the word, discover and promote great projects in the crypto and fintech industry.My services include content creation and strategy, copy editing, copywriting, business development, and growth marketing with a focus on personal finance, cryptocurrency, and fintech.

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