Bitcoin Technical Analysis 01-16-21

By xuanling11 | Crypto Learning | 16 Jan 2021


Technical Analysis

ebdc4c71fc3f43857c1b093c87463be8afcec87e34c5aea10bda592305cf6eaa.png

30168f74907c84c08320d60779b78df6d148bb1306cbb60df23065a90ee9853d.png

Let's take a look at some key metrics.

It opens at $36K and goes down to around $35K and stable around $35K ~ $37K. The average transaction fee is $15.56 which is 5.01% decrease from 01-15-21.

eef2a2e16f55b8677e1918358c4a7c12b72f896cbbea306f35f46962b762e25b.png

Bitcoin price is continue stabilizing around $35K ~ $37K.

As I mentioned yesterday that Bitcoin price will drop and it did drop to $35K.

Average transaction fee improves and I do not worry about the price as the Bitcoin is fairly stable!

I will raise my floor price to $35K as the price is stable and I will remain the ceiling price at $38K.

Bitcoin Value =  $35k ~ $38k

14404f5247fb0704e38cfc8bf24bc91d627e09c038b71924ce55cf6316d695f5.png

 

Most Bullish News 📈

Bitcoin mining improve

It indicates that Bitcoin mining will improve further in the future to reduce transaction fees.

Most Bearish News 📉

Bitcoin used for Capital Hill rioters

It indicates that Bitcoin may misused in the wrong purpose and security concerns in the future.

 

Here are summary of general forecast of upcoming week of economy and market:

38f7da26a47734559d050e39a700270e9924f2e99de6ea815c7c74ffb23108f2.png

e6a1b28e345794259a463e0a0b7c86579aa7318fa5bb01d0e0b63a983522fdb6.png

Thanks for reading and see you next week!

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

You can reference my previous Bitcoin 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📈

Bitcoin Technical Analysis 01-15-21📉

You can reference my Bitcoin methodology here and here.

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

You can reference my previous Ethereum analysis here:

Ethereum Technical Analysis 01-07-21📈

Ethereum Technical Analysis 01-08-21📉

Ethereum Technical Analysis 01-09-21📈

Ethereum Technical Analysis 01-10-21📉

Ethereum Technical Analysis 01-11-21📉

Ethereum Technical Analysis 01-12-21📈

Ethereum Technical Analysis 01-13-21📉

Ethereum Technical Analysis 01-14-21📈

Ethereum Technical Analysis 01-15-21📉

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

You can reference my previous Dogecoin analysis here:

Doge Analysis 12-28-21📈

Doge Analysis 01-01-21📈

Doge Analysis 01-02-21📈

Doge Analysis 01-11-21📉

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

You can reference my previous Cryptomarket analysis here:

Crytomarket Weekly Overview 1-8-21 to 1-15-21🔥🔥

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

0

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.


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.