The bitcoin exchange rate has been correcting over the past few days. The coin fell to $23,339 on Thursday, but it is still trading above a key support zone.
Analysts agree that BTC will be able to hold above $23,000 as most traders are not in the mood for a long sell-off.
The reset may take place in the coming days, but it will be short-term and will not be able to provoke a strong fall in the value of BTC.
The miners brought part of the mined cryptocurrency to the trading floors. But the receipt on exchange wallets turned out to be small, CryptoQuant analysts emphasized.
They share the point of view of those observers who bet on a short-term pullback of BTC.
However, a surge to $25,000 is also unlikely, as a zone of strong resistance has formed in this area, which the coin will not be able to cope with without additional pumping from the bulls.
Most likely, in the coming days, Bitcoin will trade in a narrow range from $23,000 to $25,000.
The US stock market is stagnating, and capital is in no hurry to enter technology stocks. Weak interest in risky assets is delaying the resumption of the Bitcoin rally.
