Bitcoin (BTC) was mainly weak at the opening of new houses on Wall Street in the United States on January 25, and US stocks fell at the same time
According to the statistics of Coin Telegram Markets Pro and TradeView, BTC/USD fell below US $22500 after failing to increase the resistance around five months.
U. The US stock market opened weakly, with the Standard&Poor's 500 Index and the Nasdaq Composite Index down 1.1% and 1.6% respectively at the time of press release.
Bitcoin duopoly itself is facing difficulties in trying to push the liquidity of the region above $23400, but so far, this has not been tested, and there are many hidden empty bill settlement.
The traders remained hesitant and expected a clearer trading signal after passing the market price of most of the horizontal market consolidation in a few days.
Crypto Tony commented next to an empirical data chart: "This is a correction wave I am currently pursuing on Bitcoin, and then another leg of my $25000.".
"If we run from the heart, it is failure."
Micha van de Bopp, the soft text writer of coin message, also hesitated.
"Seriously wait for Bitcoin to fall below $223K, or upgrade and get back $231K. I don't have any big interesting settings between the two," she told Twitter fans.
Some positive and optimistic views still exist, including the position of Crypto Ed. In his view, BTC/USD may have a higher bottom point, which will play its special advantages for the new record.
Carleo, the operator of the same industry, even indicated that $30000 was undoubtedly the next target of Bitcoin.
In addition, in addition to the price behavior, people also care about the correlation between Bitcoin and gold and individual stocks.
Charles Edwards, CEO of Capriole, a data encryption investment management company, stressed that Bitcoin has once again its historical trend, namely "chasing" gold.
He wrote: "There is a certain relationship between Bitcoin and gold. Gold has continued to rise.".
"If you fall behind the gold price, you will see it more easily. Bitcoin tends to reach the highest level in 0-6 months after gold, but the lowest level in 3-3 months after gold. This difference is similar, and it is likely to decrease with time."
On that day, the correlation between Bitcoin and gold was almost 100%.
In turn, Carleo hopes to "link" with the value of the S&P 500 Index, and Bitcoin is expected to break through the rise.
Another article wrote: "BTC broke out above HTF resistance, which originated from the Athens Olympic Games on November 21 two weeks ago.".
"It seems that it will continue this trend, because it is on the edge of raising the triangular flag and has mastered more than applicable."
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