Bitcoin price bound for another dip to $40,000 - Aliens: AI Crypto News & Markets Updates
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Bitcoin price bound for another dip to $40,000

PublisherPublisher
FX Street

Mon, Jan 17, 2022

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Aliens TLDR

Bitcoin price action sees downward pressure after a series of rejections at $44,088.

BTC price takes a step back to find common ground for investors to re-engage in Bitcoin price action.

Bitcoin (BTC) price action sees bulls struggling to keep the positive momentum going as bears stand firm at $44,088.

Expect more interest to start fading, with investors pulling their funds and seeing a return to sub $40,000 before price reaches an attractive discount.

Bears are slowly but surely building up more and more volume, which could start weighing even further on both BTC price and sentiment.

BTC price will start to go sideways or slip lower towards $39,780, which means breaking below the psychological $40,000 handle again.

As this area has proven itself as support, expect it to hold again as of January 10, with this time possibly more investors weighing in and running price action back up towards $50,000 as the Relative Strength Index (RSI) will be trading deeply in the oversold area.

FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

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