Bitcoin Technical Analysis 01-13-21

By xuanling11 | Crypto Learning | 13 Jan 2021


Technical Analysis

5f91e6cc9347696bbc91cd7cc7ccf2967f0adce84e7ba3c797ee4a49ed9652c1.png

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.

b0dcb856d6ef30e24a68b49ca7c0fbba328628c39d7c98791394ca0371f38eb4.png

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

14404f5247fb0704e38cfc8bf24bc91d627e09c038b71924ce55cf6316d695f5.png

 

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!

-------------------------------------------------------------------------------------

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.

 

893a5f1bf20990c72b5ac1ff130dfed604021aca01b7218d6c5e436906458d8b.png

 

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.

How do you rate this article?

4


xuanling11
xuanling11

Check out https://www.xuanling11.com/.


Crypto Learning
Crypto Learning

All article was written by a delusional author who is possibly a nut job without any questions whatsoever about expertise in the subject matters.

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.