Bitcoin dips below $42K as new forecast says breakout 'most probable outcome' for BTC price By Cointelegraph

Bitcoin dips below $42K as new forecast says breakout 'most probable outcome' for BTC price

CryptocurrencyJan 16, 2022 09:00PM ET

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Bitcoin dips below $42K as new forecast says breakout 'most probable outcome' for BTC price

Bitcoin (BTC) returned closer to $40,000 on Thursday as $44,000 resistance proved too much for bulls to overcome.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD shedding around 4% in 24 hours on Jan. 14.

BTC/USD 1-day candle chart (Bitstamp) with 50-day, 200-day moving averages. Source: TradingView

BTC funding rates chart. Source: Coinglass

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