Technical Analysis
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.
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
It did not change from yesterday
Bitcoin Value = $33k ~ $38k
Here is the summary below:
Most Bullish News ??
Bitcoin will become reserve coin soon
It indicates that Bitcoin improves its legitimacy.
Most Bearish News ??
It indicates that Bitcoin may have price adjustment coming.
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??
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 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????
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.
