Bitcoin Technical Analysis 01-21-21

By xuanling11 | Crypto Learning | 22 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 $35K and stable around $30K ~ $31K. The average transaction fee is $10.72 which is 1.56% decrease from 01-20-21.

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As I mentioned yesterday, Bitcoin price was trading sideways and correction was coming.

As the Bitcoin drops, we want to exam if the transaction fee was efficient.

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It turns out is pretty OK!

Crypto Fear & Greed Index

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I revise my floor price to $29K indicates the strong support and revise the ceiling price at $36K.

Bitcoin Value =  $29k ~ $36k and my position is Long.

Here is the summary below:

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Weekly Bitcoin Performance:

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Although the price was dropped and started to conversion, I think the price will raise in the coming weekend.

 

 

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Most Bullish News 📈

Bitcoin continue mainstreaming

It indicates that Bitcoin status is continue legitimizing.

Most Bearish News 📉

Bitcoin price was retreated from the top

It indicates that Bitcoin may have some correction continue.

 

Here are summary of general forecast of this 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📉

Bitcoin Technical Analysis 01-18-21📈

Bitcoin Technical Analysis 01-19-21📈

Bitcoin Technical Analysis 01-20-21📉

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📈

Ethereum Technical Analysis 01-19-21📈

Ethereum Technical Analysis 01-20-21📉

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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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