Bitcoin Technical Analysis 01-17-21

By xuanling11 | Crypto Learning | 17 Jan 2021


Technical Analysis

56c66c65b586e3871ea2dee70d85b9e09a40dc74e4d794038eecaec700c259e7.pnga4fb1fa049c5904b3838efa758e0fb2572d73a4f375c24d98d4ad77886c6ff8b.png

Let's take a look at some key metrics.

It opens at $37K and goes down to around $33K and stable around $35K ~ $37K. The average transaction fee is $10.28 which is 33.93% decrease from 01-16-21.

9ed9c59cc5cc08a1819b7790d1c510e9b1b9de09c3b3ea24b58582b5f9056492.png

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

Average transaction fee decrease and trading volume decrease as well.

Bitcoin price will decrease in the coming Monday.

 

I remain my floor price to $35K and the ceiling price at $38K.

e9ed19169ce30c8d7622ce67333479e1830d2cfced0477fb299d34df7e5fc321.png

Bitcoin Value =  $35k ~ $38k

14404f5247fb0704e38cfc8bf24bc91d627e09c038b71924ce55cf6316d695f5.png

 

Most Bullish News 📈

Institutional owners increase to accumulate Bitcoin

It indicates that Bitcoin improves its legitimacy.

Most Bearish News 📉

Crypto fear index drops

It indicates that Bitcoin may have price adjustment coming.

 

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

 

38f7da26a47734559d050e39a700270e9924f2e99de6ea815c7c74ffb23108f2.png

e6a1b28e345794259a463e0a0b7c86579aa7318fa5bb01d0e0b63a983522fdb6.png

Thanks for reading and see you tomorrow!

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

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📉

Bitcoin Technical Analysis 01-16-21📉

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📉

Ethereum Technical Analysis 01-16-21📈

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

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?


2

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.