Bitcoin clings to $23.5K as trader says BTC 'identical' to 2020 breakout

Macroeconomic data releases from the United Statesbut no overall trend change as traders bided their time heading into the weekend.

“Seeing $50,000 calls already on Bitcoin and we have yet to complete a higher high and higher low market structure change,” popular trader Crypto TonyMore optimistic was fellow trader Credible Crypto, who doubled down on a theory which compared current BTC price action to that of late 2020, just after Bitcoin had passed its old 2017 all-time high.

“After such a long and deep sell-off, do we think the DXY is already done on the upside? I don't. Lotta shorts to squeeze yet,” macro investor David BradyU.S. dollar index 1-day candle chart. Source: TradingViewFocusing on monthly timeframes, meanwhile, trader and analyst Rekt Capital eyed a potential cue for Bitcoin to dip before continuing higher.This came in the form of its relative strength index , which in January bounced from all-time lows to reclaim a key support level.

I'm sure that we will soon see the beginning of uptrend

When $BTC breaks 30k I’ll believe the bull market is back. 💪🚀

FreeByCrypto Keep an eye on Judy, a female blockchain developer, as she earns 5 ETH a week with MEVs and shares her process on YouTube.

All i hope that this bullish sentiment will be here for long

🙄

We wait 😇 BTC ETH $SHIB 🔥🚀 Saitama Babydoge BTT $CREDIT creditweb3 FEGtoken

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