Bitcoin nears key weekly close as analyst says 20% BTC price dip 'over'

Bitcoin may be clear to attack resistance higher up, but the odds of sweeping recent lows later on remain convincing among BTC price pundits.

Bitcoin (BTC) held near $42,000 on Jan. 27 as late-week BTC price gains made traders confident about fresh upside.

Data from Cointelegraph Markets Pro and TradingView showed classic cool weekend price action entering, with $41,800 as a focus.

The day prior saw 5% upside, with Cointelegraph reporting on improving market conditions relative to past weeks.

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