Bitcoin bounced around $23,000 on December 22 as anticipation built over fresh institutional buy-ins. After Monday was characterized by weakness with a retracement to $21,800, Bitcoin staged a modest recovery on Tuesday, at press time seeking to reinforce $23,000 support once again after highs of $23,400.
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Markets report: Bitcoin bulls brush off BTC price correction as $11,000 nears
Drifting away from $11,500 is no cause for concern, Bitcoin analysts say, as futures open interest keeps climbing
Bitcoin entered a third day of consolidation on October 15 as its latest gains gave way to rangebound trading above $11,000. Data from price tickers including CoinMarketCap showed daily candles retracing the path above $11,500, with analysts still confident that bulls remain in control.
