Bitcoin Technical Analysis 01-13-21

By xuanling11 | Crypto Learning | 13 Jan 2021


Technical Analysis

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Metrics

Let's take a look at some key metrics.

It opens at $34K and goes down to around $32K and stable around $33K ~ $34K. The average transaction fee is $16.38 which is 12.7% increase from 01-12-21.

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Bitcoin price is continue stabilizing around $33K ~ $36K.

I think Bitcoin value is stable that indicate market is watching how economic will improve or deteriorate in short term after Joe Biden inauguration.

After all, $29k ~$30k is strong support and I remain ceiling price to $38k due to continue recovering of US economic.

Bitcoin Value =  $30k ~ $38k

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Most Bullish News 📈

Bitcoin ETF continue IPO

It indicates that Bitcoin legitimate status continue improving within Institutional trading communities.

Most Bearish News 📉

Regulation tighten in Bitcoin globally

It indicates that Bitcoin value may not to justify in long term.

 

Thanks for reading and see you tomorrow!

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You can reference my previous analysis here:

Bitcoin Technical Analysis 01-07-21📈

Bitcoin Technical Analysis 01-08-21📈

Bitcoin Technical Analysis 01-09-21📉

Bitcoin Technical Analysis 01-10-21📉

Bitcoin Technical Analysis 01-11-21📉

Bitcoin Technical Analysis 01-12-21📈

You can reference my methodology here and here.

 

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Disclosure: I/we have no positions in any cryptocurrencies mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose cryptocurrencies are mentioned in this article. This information is only for educational purposes.

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xuanling11
xuanling11

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