Technical Analysis
Let's take a look at some key metrics.
It opens at $35K and goes up to around $37K and stable around $34K ~ $35K. The average transaction fee is $9.94 which is 14.91% increase from 01-18-21.
Bitcoin price is continue stabilizing around $35K ~ $37K.
Average transaction fee increase and trading volume increase as well.
Crypto Fear & Greed Index
Bitcoin price is trading side way and there maybe another correction coming due to high transaction fees.
I revise my floor price to $35K and the ceiling price at $40K.
Bitcoin Value = $35k ~ $40k
Here is the summary below:
Most Bullish News 📈
Bitcoin becomes most traded assets over tech stocks
It indicates that Bitcoin improves its volume of trading.
Most Bearish News 📉
Bitcoin mining becomes slower and unprofitable
It indicates that Bitcoin may slow down its transaction and increase its transaction fees.
Here are summary of general forecast of upcoming week of economy and market:
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📉
Bitcoin Technical Analysis 01-18-21📈
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📉
Ethereum Technical Analysis 01-18-21📈
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You can reference my previous Dogecoin analysis here:
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You can reference my previous Cryptomarket analysis here:
Crytomarket Weekly Overview 1-8-21 to 1-15-21🔥🔥
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.
