Analysts warn of 'institutional exhaustion' with Bitcoin price back below $32K
The Coinbase premium has returned, but why is the price of Bitcoin still struggling to stay above $32,000? The price of Bitcoin (BTC) recovered in the past two days after dropping to as low as $28,850. Following the swift rebound, however, BTC has been unable to break past heavy resistance at $33,000 on Jan. 23, pulling back below $32,000 at the time of writing.BTC/USD 1-hour price chart (Coinbase). Source: TradingView.comCoinbase premium returning is bullish, but what now?Earlier, when the price of Bitcoin started to drop below $32,000, BTC traded much lower on Coinbase than on....
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