Bitcoin looks to revisit the lows
Bitcoin fell as low as $42,141 in Asian trading then bounced to $46,000. It’s back on the defensive once again and down 3.7% to $42,288.
There is certainly a lively battle on the internet unfolding between supporters of Musk and supporters of bitcoin.
As for the chart, this isn’t a pretty picture. Bitcoin is one of the most-technical charts out there and if the January high gives way, there isn’t much of a cushion down to $30,000.