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Data from TradingView shows that an afternoon selling spree pushed Bitcoin to a daily low of $15,480 – its lowest price since November 2020 – where bulls scrambled to reinforce their defenses and push the price back above $15,656 at the time of writing.Senior Kitco technical analyst Jim Wyckoff noted in his morning Bitcoin brief that the “recent price action has been sideways and choppy,” which Wyckoff theorized may “begin to favor the bulls just a bit.
#Bitcoin trying to catch bids after retesting the YTD lows. Not surprised to see it jump a bit after hitting that level, as I'm sure there were a bunch of limit orders in that range.
I'm so old a multi-year low to me in BTC is $300
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The job market is still red-hot, giving central bankers lots to worry aboutThe central bank’s great fear is a wage-price spiral, in which rising prices cause workers to demand higher wages, driving up costs and rising prices even further
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