Did Bitcoin Reach Its Lowest Point at $92K? Analyzing 3 Charts That Suggest the Downtrend Is Over.
Bitcoin experienced an 11% decline between January 7 and 9, dropping below $92,000 for the first time in nine days. This downturn triggered nearly $258 million in liquidated long positions, coinciding with profit-taking and political uncertainty surrounding the U.S. presidential inauguration. However, three key metrics suggest that this might be a buying opportunity for investors. ...