Bitcoin Sinks Below $23K; South Korea’s Bumpy Crypto Path Forward

“Bitcoin is range bound at the moment,” said Nauman Sheikh, managing director at investment advisors Wave Financial, told CoinDesk TV’s “First Mover” program. “It’s hit a $25,000, sort of resistance level. So has Ethereum hit a $2,000 resistance level. We’re in a mode where the macro environment is supportive of the market, and we’ll retest those resistance levels and hopefully break.”