Signs of Bitcoin accumulation suggest BTC’s dip to $45K will be short-lived

2022.04.05 01:36

Signs of Bitcoin accumulation suggest BTC’s dip to $45K will be short-lived

The cryptocurrency market rally that began on April 1 ran into tough resistance on April 4, sparking a market-wide pullback during the afternoon session after exhausted bulls were overwhelmed by bears who managed to push Bitcoin (BTC) below $45,200.

Data from Cointelegraph Markets Pro and TradingView shows that once the afternoon sell-off broke below support at $46,000, the price of BTC hit a daily low of $45,133 before buyers emerged to bid it back above $45,700.

Source