Traders say Bitcoin price ‘needed pullback’ to maintain bullish momentum

Analysts say Bitcoin price needed to “slow down” in order to maintain the bullish momentum needed for the next leg up. Bitcoin’s parabolic increase well above its previous all-time-high has many experiencing déjà vu from 2017 and a number of analysts are concerned the market is overdue for a sizable correction. On Jan. 8 With Bitcoin (BTC) price reached a new all-time high at $41,940 and this week’s 28% collapse to $31,076 had professional and retail investors afraid that a strong trend reversal was in the making. […]
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