Bitcoin (BTC<\/a>) touched $44,000 a second time on Jan. 12 amid increasing divergence of opinion about whether the price bottom is \u201cin.\u201d\u00a0<\/p>\n Data from Cointelegraph Markets Pro<\/a> and TradingView<\/a>\u00a0showed the $44,000 mark acting as local resistance Thursday, following forecasts that $46,000 could soon return<\/a>.<\/p>\n Bitcoin stayed broadly higher overnight following the previous day\u2019s United States inflation data, but for some, now was not the time to become overly confident.<\/p>\n \u201cBTC starting to feel a little toppy (local), although asks are diffused through some key resistance levels,\u201d Twitter account Material Indicators\u00a0commented<\/a>\u00a0as part of a recent update. <\/p>\n \u201cSome bitcoin bulls may show up to clear a few levels, but the whole herd is going to have to show up to clear them all.\u201d\u00a0<\/p><\/blockquote>\n Suggesting a good opportunity to \u201cde-risk,\u201d Material Indicators highlighted order book flux, which, on Wednesday, had formed the focus of a graver warning about a possible incoming crash.<\/p>\n By contrast, others believed that a price \u201csqueeze\u201d may ultimately be to the\u00a0upside and punish latecomer short traders<\/a>.<\/p>\n Observing perp funding going increasingly negative as price grinds higher, it appears that the real liquidation wave may be on the upside https:\/\/t.co\/ml8h5t0Skg<\/a><\/p>\n \u2014 Zhu Su (@zhusu) January 12, 2022<\/a><\/p><\/blockquote>\n Popular trader Crypto Ed, meanwhile, began to show optimism over significantly lower levels being gone for good.<\/p>\n Having uploaded a predictive chart snapshot, he argued that should BTC\/USD grind higher on the day, the stage would be set for a higher low construction as part of a more solid recovery.<\/p>\n Good Morning all! Want to see more confirmation, but if we do get that 5th leg today, I’m getting excited! pic.twitter.com\/yW07BSdrYC<\/a><\/p>\n \u2014 Crypto_Ed_NL (@Crypto_Ed_NL) January 13, 2022<\/a><\/p><\/blockquote>\n A brief look at funding rates<\/a> across exchanges revealed only a slight change overnight, with neutral to negative values dominating.\u00a0<\/p>\n![](\"https:\/\/s3.cointelegraph.com\/uploads\/2022-01\/99cb9de7-7585-455e-96d7-b33aed01062f.png\")
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Tnx for giving me some time to have a twitter break, but I’m back to tell you that my feeling about “bottom is in” is getting stronger when seeing the #BTC<\/a> chart. <\/p>\nHow long can the relief last?<\/h2>\n
![](\"https:\/\/s3.cointelegraph.com\/uploads\/2022-01\/3ba35cc3-a4d7-48cc-9c23-da534e1dea77.png\")