Daily Bitcoin Analysis #3 (2021-01-10)

Daily Bitcoin Analysis #3 (2021-01-10)

By Sebbe_727 | Bitcoin Analysis | 10 Jan 2021


So much hasn't changed in the last 24 hours in the "bitcoin market"... remember that the market is always a psychological game. Can this be an indication of a more bearish run? 
24-hour chart analysis 
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If we look at the chart we see a support and resistance difference between $40,500 and $41,000 witch very low considering that bitcoin has historical data of being very short-term volatile. This can mean a lot of things like a more bearish market or at least a downtrend for bitcoin on the other hand of the spectrum maybe the short distance between support and resistance also can be an indication of a more solid and enduring market.


Sebbe_727
Sebbe_727

I Am A Cryptocurrency Investor And Writer From Sweden. My Biggest Passion Is Observing Money Grow, Watch Soccer, and Spend Time With Family Plus Friends.


Bitcoin Analysis
Bitcoin Analysis

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