Bitcoin Technical Analysis 01-15-21

By xuanling11 | Crypto Learning | 15 Jan 2021


Technical Analysis

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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.

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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

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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.

 

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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

A delusional author who is possibly a nut job without any questions whatsoever about expertise in the subject matters to write with a freestyle.


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