BTC 'likely' to repeat Q4 2020 move — 5 things to watch in Bitcoin this week By Cointelegraph

BTC 'likely' to repeat Q4 2020 move — 5 things to watch in Bitcoin this week

CryptocurrencyJan 17, 2022 06:20AM ET

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BTC 'likely' to repeat Q4 2020 move — 5 things to watch in Bitcoin this week

Bitcoin (BTC) starts a new week facing multiple hurdles but with strong internal support — can old resistance below $50,000 finally fall?

A correction event now almost in its third month is frustrating many, but conditions may soon be right for a fresh charge against opportunistic bears, an increasing number of analysts are saying.

BTC/USD annotated chart. Source: Rekt Capital/ Twitter (NYSE:TWTR)

Bitcoin Volatility Index chart. Source: Buy Bitcoin Worldwide

Bitcoin new entities chart (30-day EMA). Source: TXMC Trades/ Twitter

Worldwide Google (NASDAQ:GOOGL) search data for "Bitcoin." Source: Google Trends

Bitcoin miner transaction fee revenue percentage annotated chart (7-day MA). Source: Blockwise/ Twitter

Crypto Fear & Greed Index. Source: Alternative.me

Bitcoin realized profit/ loss ratio annotated chart. Source: On-Chain College/ Twitter

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