Signs of Bitcoin accumulation suggest BTC’s dip to $45K will be short-lived
Cointelegraph
Published Apr 04, 2022 04:39PM ET
Updated Apr 04, 2022 06:20PM ET
The cryptocurrency market rally that began on April 1 ran into tough resistance on April 4, sparking a market-wide pullback during the afternoon session after exhausted bulls were overwhelmed by bears who managed to push Bitcoin (BTC) below $45,200.
Data from Cointelegraph Markets Pro and TradingView shows that once the afternoon sell-off broke below support at $46,000, the price of BTC hit a daily low of $45,133 before buyers emerged to bid it back above $45,700.
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Written By: Cointelegraph
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