Bitcoin price looks to resume bull cycle after rising above $34K
Cointelegraph
Published Jan 25, 2021 08:06AM ET
Updated Jan 25, 2021 09:40AM ET
Bitcoin (BTC) has been consolidating since its recent all-time high at $42,000 and has risen back above $34,000 at the time of writing. The current correction is currently at 30% already, as Bitcoin’s price has bounced from the $30,000 region several times.
However, it remains to be seen whether Bitcoin’s price will start accelerating once again or whether BTC price needs more consolidation to build up strength.
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Written By: Cointelegraph
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