On Wednesday (25 January 2023), macroeconomist and crypto analyst Alex Krüger shared his thoughts on Bitcoin’s latest price action.

He told his over 150K Twitter followers that “the bearish and risk averse will be able to safely buy the bitcoin dip from 32k to 28k later in 2023.”

He later added:

Joke aside breaking through 30k then pulling back would be normal market dynamics. Markets tend to run key round levels over, trigger stops, bring suckers in, then flush them out. And 30k-35k looks very doable.

Earlier that day, pseudonymous crypto analyst “KALEO” told his over 559K Twitter followers:

According to data from TradingView, in the year-to-date (YTD) period, the Bitcoin price has gone from $16,529 to $22,957, which is a gain of nearly 39% (vs USD).

Source: TradingView

Yesterday (26 January 2023), crypto analyst Dylan LeClair said that according to data from Glassnode “Realized P/L ratio (30d MA), a ratio between all coins moved at a profit and a loss (at the price last moved on chain), has flipped positive.”

And Dan Gambardello, Founder of Crypto Capital Venture, is excited about the S&P 500 breaking above the downtrend line, which is a bullish indicator for Bitcoin.

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