$BTC traders believe it will reach $17,000 as the number of orders around the price reaches an extreme level
The lack of positivity on the market is mostly speculative as Bitcoin and events around it have not shown any reasoning that would make us believe that the first cryptocurrency is going to plunge back below $20,000, especially after the successful run we saw for the last few weeks.
For now, the first cryptocurrency is moving in the ascending channel that it has not been able to break for the last weeks. Unfortunately, Bitcoin could not break above the $24,000 price range either, returning to the lower border of the channel. At press time, Bitcoin is trading at $23,811 and is losing around 2% of its value in the last 24 hours.
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