As the year 2022 drew to a conclusion, the price of Bitcoin (BTC) largely maintained its horizontal trend without displaying any appreciable fluctuation. However, the BTC price has seen some short-term improvements since the beginning of the new year, although, the cryptocurrency’s market value continues to wallow below crucial support levels.
Breaking BTC’s Key Resistance
In spite of the gains, investors in Bitcoin are searching for a probable bottom that may bring in a new rise for the first blockchain-powered cryptocurrency. In the past few weeks, the price of Bitcoin has been unable to overcome the critical resistance located near $17,000. And, since December 17, 2022, the flagship cryptocurrency has been largely fluctuating around the $16,900 level.
In a tweet published on January 6, crypto trading specialist and analyst Michael van de Poppe indicated that Bitcoin is at support based on the recent price action. He also identified significant long positions to look out for, wh
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