Bitcoin Technical Analysis 01-18-21

By xuanling11 | Crypto Learning | 18 Jan 2021


Technical Analysis

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Let's take a look at some key metrics.

It opens at $35K and goes up to around $37K and stable around $33K ~ $34K. The average transaction fee is $8.65 which is 15.86% decrease from 01-17-21.

 

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Bitcoin price is continue stabilizing around $33K ~ $36K.

Average transaction fee decrease and trading volume decrease as well.

As I mentioned the price would decrease a little from yesterday.

I revise my floor price to $33K and I remain the ceiling price at $38K.

Crypto Fear & Greed Index

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It did not change from yesterday

 

 

Bitcoin Value =  $33k ~ $38k

Here is the summary below:

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Most Bullish News 📈

Bitcoin will become reserve coin soon

It indicates that Bitcoin improves its legitimacy.

Most Bearish News 📉

Crypto hype has faded

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📉

Bitcoin Technical Analysis 01-17-21📉

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📈

Ethereum Technical Analysis 01-17-21📉

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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
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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