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Data from TradingView shows that an early morning onslaught by Bitcoin bears dropped the top crypto to a daily low of $16,650 before bullish reinforcements arrived to bid it to a daily high of $17,031. Since that time its price has entered consolidation near support at $16,900.The lack of a notable change in the overall outlook was touched on by Kitco senior technical analyst Jim Wyckoff, who said there was “not much new” in his morning Bitcoin update after noting that “Bitcoin-U.S.
In that regard, with the data today, I'd be looking at bit lower for longs towards $17K. pic.twitter.com/6VQvjR9IeX And a final bit of insight was provided by market analyst Rekt Capital, who posted the following tweet highlighting the average length of time after a market top that it takes for Bitcoin’s price to hit its bottom.It’s been over a year since the November 2021 top