Bitcoin down $126.24, closing at $23,074, for its 6th straight negative day

Struggling to find upward momentum, Bitcoin has shed $126.24 to currently trade at $23,074 as it ranges between $23,053 and $23,200 so far today.

Meanwhile, United States New Home Sales (Jan) released yesterday at 15:00 UTC with a figure of 670,000, while the previous figure was 625,000. United States Core PCE Price Index (MoM) (Jan) came out at 0.6, while a consensus of analysts was expecting 0.4. Fresh CFTC S&P 500 speculative net positions data from United States came out at -222,300.

Visual analysis of Bitcoin's chart shows that Bitcoin could begin to recover as it approaches significant support, now $9.4 away from $23,064. Dipping below could be an indication that further losses are ahead.

Other assets are showing positive performances as FTX Token surges 9.54% to trade around $1.36. Having closed the previous session at $0.068, TRON is up 1.19% today to currently trade at around $0.069. Having closed the previous session at $132.76, Bitcoin Cash is up 1.09% today to currently trade at around $134.21.

Bitcoin has gained 38.95% since its lowest print of $15,759 earlier this year.