Bitcoin Technical Analysis 01-17-21

By xuanling11 | Crypto Learning | 17 Jan 2021


Technical Analysis

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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.

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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.

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Bitcoin Value =  $35k ~ $38k

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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:

 

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Thanks for reading and see you tomorrow!

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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.

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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📈

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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📉

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You can reference my previous Cryptomarket analysis here:

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

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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
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