The bears remain in full control of the cryptocurrency market on Jan. 24, and to the surprise of many, they managed to push the price of () to a multi-month low of $32,967 during early trading hours. This move lower filled a CME futures gap left over from July 2021.
Data from Cointelegraph Markets Pro and TradingView shows that the $36,000 level was breached in early trading hours on Monday, triggering a sell-off that dipped below $33,000 before buyers arrived to bid the price. above USD 35,500.
BTC/USDT 1-day chart. Source: TradingView Here’s a look at what various analysts are saying about the macro factors at play in global financial markets and what to watch for in the coming months.
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