Bitcoin returns to $37K amid warnings that BTC price ‘needs to go lower’

Bitcoin (BTC) cracked $37,000 at the Jan. 28 Wall Street open as traders watched and waited for a resistance retest.

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

BTC evades a major resistance test

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD returning to form after dipping to $36,175 on Bitstamp earlier in the day.

As part of the range-bound behavior, hopes were held high that momentum would continue to challenge resistance levels closer to $40,000, whether…


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