Bitcoin hits new post-FTX high as analysis warns move ‘choreographed’

Bitcoin hits new post-FTX high as analysis warns move ‘choreographed’

Bitcoin (BTC) hit new two-month highs overnight into Jan. 19 as suspicions over the market’s validity gained momentum.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

Concern over BTC liquidity”exploit”

Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it consolidated above $21,000 after hitting $21,455 on Bitstamp.

That marked the pair’s highest point yet in 2023, the latest accomplishment in a bullish recovery unchallenged since the FTX debacle.

Amid…


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