GM Market Enthusiasts!
We’re excited to be back and posting! In today’s update, we’ll dive into Bitcoin’s recent price action and discuss what might be next for the world’s leading cryptocurrency.
Price Action
After trading within a range from March to October, Bitcoin began a strong uptrend, climbing steadily for over 10 weeks without any meaningful corrections. The first notable correction occurred in the second half of December, with Bitcoin retracing just under 20% from its local top of $108K, reached on December 17th. Currently, price action appears to have established key levels of support around 90k and resistance around $108k. On January 20th, Bitcoin tested resistance once again, briefly reaching a new all-time high (ATH) of $109.4K on Bitstamp, but failed to close above $108K.
Will Bitcoin trade within this range of $90K–$108K? Could it break through resistance and continue price discovery? Or are we looking at the potential for a larger correction?
We’d love to hear your thoughts! Share your predictions and analysis in the comments below.
We’re excited to be back and posting! In today’s update, we’ll dive into Bitcoin’s recent price action and discuss what might be next for the world’s leading cryptocurrency.
Price Action
After trading within a range from March to October, Bitcoin began a strong uptrend, climbing steadily for over 10 weeks without any meaningful corrections. The first notable correction occurred in the second half of December, with Bitcoin retracing just under 20% from its local top of $108K, reached on December 17th. Currently, price action appears to have established key levels of support around 90k and resistance around $108k. On January 20th, Bitcoin tested resistance once again, briefly reaching a new all-time high (ATH) of $109.4K on Bitstamp, but failed to close above $108K.
Will Bitcoin trade within this range of $90K–$108K? Could it break through resistance and continue price discovery? Or are we looking at the potential for a larger correction?
We’d love to hear your thoughts! Share your predictions and analysis in the comments below.
tradingview.com/watchlists/74745881/
This post does not offer personal investment advice or recommendations. Bitstamp accepts no responsibility for any damage or loss from the utilization of the information presented here.
This post does not offer personal investment advice or recommendations. Bitstamp accepts no responsibility for any damage or loss from the utilization of the information presented here.
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这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。
tradingview.com/watchlists/74745881/
This post does not offer personal investment advice or recommendations. Bitstamp accepts no responsibility for any damage or loss from the utilization of the information presented here.
This post does not offer personal investment advice or recommendations. Bitstamp accepts no responsibility for any damage or loss from the utilization of the information presented here.
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。