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Bitcoin sells off after $44K resistance tap, eliciting scrutiny from options traders

From cointelegraph.com

Bitcoin (BTC) fell more than 2% from local highs during Jan. 12 in the latest move to keep market participants guessing about what's to come for the largest digital asset. Data from Cointelegraph Markets Pro and TradingView tracked the pullback for BTC/USD after the pair hit its highest levels in more than a week. A trip to $44,450 on Bitstamp after the Wall Street open was followed by an hourly candle which at one point sparked losses of $1,500. A fresh sign that rangebound activity remains the order of the day for Bitcoin, bulls were disappointed after multiple calls for a fairly easy squeeze toward $46,000. For ... (full story)

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  • Category: Technical Analysis