HomeUncategorizedDead cat bounce? Bitcoin price nears $23,000 in fresh 5-month high By Cointelegraph

Dead cat bounce? Bitcoin price nears $23,000 in fresh 5-month high By Cointelegraph

January 21, 2023

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(BTC) took a swing at $23,000 into Jan. 21 as Asia buyers drove fresh market strength.

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

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD battling bears to reach $22,790 on Bitstamp overnight — its highest since August.

BTC/USD annotated charts. Source: Skew/ Twitter
BTC/USD order book data (Binance). Source: Material Indicators/ Twitter
BTC/USD 1-day candle chart (Bitstamp). Source: TradingView
BTC/USD 1-week candle chart (Bitstamp) with 50, 200WMA. Source: TradingView