Why You Should Be Wary Of The Bitcoin Rally With BTC At $22,000

Why You Should Be Wary Of The Bitcoin Rally With BTC At $22,000


Bitcoin has been slowing down on its bullish momentum after crossing the barrier at $22,000 and $23,000. The cryptocurrency still holds some of its gains from last week but might be poised for a re-test of lower levels.

At the time of writing, BTC’s price trades at $22,900 with a 2% loss in the last 24 hours and an 8% profit over the past week.

BTC’s price moving sideways on the 4-hour chart. Source: BTCUSDT Tradingview This Bitcoin Bear Market Might Not Be Like 2020

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Crypto market participants seem to be in pursuit of a quick and persistent uptrend, like the one seen in 2020. At that time, BTC’s price drop to a low of $3,000 and then began an ascend to its current all-time

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