Bitcoin spent most of Wednesday in a shallow corrective mode, pulling back to $22.3K. However, with the start of active trading in New York, optimism returned to the equity markets, pushing BTC to $23.7K by the end of the regular session. We saw renewed pressure and a pullback to the $23.0K level on Thursday morning. Yesterday’s decline can be seen as a technical correction from the momentum from January 19th, paving the way to $25.0K. However, it is more likely that the renewal of the six-month highs was a false breakout, as trading has been predominantly in the $22.7-23.3K range since Saturday, reflecting the ... (full story)