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Analysts expect turbulent Bitcoin price until $46,500 flips to support By Cointelegraph



© Reuters.

Market volatility reared its ugly head once again for crypto traders on Jan. 13 as the excitement of (BTC) hitting its highest level in a week was quickly thwarted by a correction that thrust the cryptocurrency back into the mid-$45,000 range.

Data from Cointelegraph Markets Pro and TradingView shows that after reaching an intraday high of $44,500, bears took control of the Bitcoin market and hammered the price to a low of $42,315 while the wider global financial markets also experienced a noticeable sell-off.

BTC/USDT 1-day chart. Source: TradingView
1-week chart. Source: Twitter (NYSE:)
Large Bitcoin wallet inflows. Source: Twitter
BTC/USDT 4-hour chart. Source: Twitter