‘No signs Bitcoin has bottomed’ as data warns BTC price downtrend continuing By Cointelegraph

© Reuters.

(BTC) received a welcome boost at the Wall Street open on Jan. 31 as fresh research painted a gloomy picture for near-term price action.

1-month candle chart (Bitstamp). Source: TradingView

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD climbing toward $38,000 on Monday, reversing a correction that had set in immediately after Jan. 30’s weekly close.

Expect “ranging” to continue for BTC