Technical Analysis
Let's take a look at some key metrics.
It opens at $38K and goes down to around $34K and stable around $34K ~ $36K. The average transaction fee is $16.38 which is 2.57% increase from 01-14-21.
Bitcoin price is continue stabilizing around $33K ~ $36K.
As I mentioned yesterday that Bitcoin price will drop and it did drop to $34K.
Average transaction fee increase a little and transaction volume within a day increase a little.
Bitcoin is fairly stable as my surprise!
Bitcoin Value = $33k ~ $38k
Most Bullish News 📈
Bitcoin continue hedging risks of future
It indicates that Bitcoin is a good tool to hedge future risks.
Most Bearish News 📉
Bitcoin system may still inefficient
It indicates that Bitcoin system still having room to improve their blockchain transaction costs.
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📈
Bitcoin Technical Analysis 01-13-21📉
Bitcoin Technical Analysis 01-14-21📈
You can reference my methodology here and here.
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.
