Aave and Chainlink hit new highs as Bitcoin price fights to hold $32K

Cointelegraph

Published Jan 23, 2021 09:01PM ET

Updated Jan 24, 2021 11:00PM ET

Bitcoin (BTC) price opened the weekend trapped within the $33,500 to $32,000 range but at the time of writing the digital asset is struggling to hold above $32,000.

A few analysts have warned that the recent price loss of momentum may be a sign of ‘institutional exhaustion’ as selling pressure from Asia has increased since Jan. 19.

BTC/USDT 4-hour chart. Source: TradingView
Bitcoin adjusted SOPR. Source: Glassnode
Monthly DEX volume by project. Source: Dune Analytics

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