HomeUncategorizedWhy did Bitcoin price go down today? BTC traders brace for $23K retest By Cointelegraph

Why did Bitcoin price go down today? BTC traders brace for $23K retest By Cointelegraph

February 3, 2023

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© Reuters.

(BTC) headed toward $23,000 on Feb. 3 after a night of losses erased bulls’ latest progress.

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

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting lows of $23,329 on Bitstamp.

(DXY) 1-hour candle chart. Source: TradingView
U.S. dollar index (DXY) annotated chart. Source: Matthew Dixon/ Twitter
Fed target rate probabilities chart. Source: CME Group (NASDAQ:)