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Bitcoin price Today – Analyst says Bitcoin price sell-off may occur as Chinese New Year approaches By Fintech Zoom

Analyst says <a href=Bitcoin price sell-off may occur as Chinese New Year approaches” id=”carouselImage” src=”https://d1-invdn-com.akamaized.net/content/picd4bb71fd4e5ce05e150ef58e6355bf51.jpg” style=”visibility:hidden”/>
Analyst says Bitcoin price sell-off may occur as Chinese New Year approaches

On Jan. 29 (BTC) price briefly rallied to $38,500 before retracing the move and spending the majority of the day struggling to reclaim $35,000.

The wild breakout in Bitcoin price has partially been attributed to Elon Musk changing his Twitter profile to simply “#Bitcoin,” which Musk subsequently followed up with a cryptic tweet saying “In retrospect, it was inevitable.”

Daily cryptocurrency market performance. Source: Coin360
Bitcoin miner’s outflow. Source: CryptoQuant
daily chart. Source: Coin360