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Was $39,650 the bottom? Bitcoin bulls and bears debate the future of BTC price -Breaking

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© Reuters.

(BTCThe () price shot up to above $43,100 at the U.S. trade session. However, uncertainty remains the predominant sentiment of traders Jan. 11, and both bulls and bears differ on whether this week’s fall to $39,000.650 was BTC’s bottom.

Source: Cointelegraph Markets Pro TradingViewThe Bitcoin price has been trading at $42,000 since the U.S. Federal Reserve Chair Jerome Powell spoke about the upcoming fiscal policies changes.

BTC/USDT 1-day chart. Source: TradingView
From 2021 highs, cryptocurrency drawdown percentage Source: Twitter (NYSE :
Bitcoin entity-adjusted dormancy flow. Source: Twitter
1-day chart. Source: Twitter