Here is a signal to watch for Bitcoin's price reversal, as per Santiment Bitcoin $BTC BTC
earlier reported on the Bitcoin price dipping on Jan. 11 as Goldman Sachs voiced its expectation that the U.S. Federal Reserve may hike interest rates higher than it announced previously.
Although the price of Bitcoin has slightly recovered to trade at $41,883 presently, apparent indecision by the market still weighs on the price action as seen by the Doji candlestick formed on the daily chart.opines that ''if the $40,600 level holds, continuation upwards to $42,600 and potentially $46,000 is on the table.''According to IntoTheBlock analytics, Bitcoin's net network growth remains in negative territory.
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