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

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.