Home Trending ‘To the moon’ or ‘total crash’? Bitcoin price hits new 4-month highs

‘To the moon’ or ‘total crash’? Bitcoin price hits new 4-month highs

January 17, 2023

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Cryptocurrency 19 minutes ago (Jan 17, 2023 01:20PM ET)

'To the moon' or 'total crash'? Bitcoin price hits new 4-month highs © Reuters

Bitcoin (BTC) spiked higher around the Jan. 17 Wall Street open as nervous analysts waited for further cues.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD briefly touching $21,594 on Bitstamp, marking its highest since Sep. 13.

BTC/USD 1-day candle chart (Bitstamp) with 200EMA. Source: TradingView

Bitcoin adjusted spent output profit ratio (aSOPR) annotated chart (screenshot). Source: Glassnode

‘To the moon’ or ‘total crash’? Bitcoin price hits new 4-month highs