Analysts warn that Bitcoin could dip to $38K ‘before an eventual breakout’

The cryptocurrency market faced another day of weakness on Jan. 18 as the price of Bitcoin (BTC) dropped lower and additional pressure was also put on the altcoin market. Currently, the crypto Fear and Greed Index registered “Extreme Fear” among investors and some traders caution that BTC price could soon fall below its recent $39,000 swing low.

Crypto Fear & Greed index. Source: Alternative

Data from Cointelegraph Markets Pro and TradingView shows that bulls lost control of the $42,000…


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