Bitcoin Jan. 20 daily chart alert - Bullish chart formation developing bitcoin Cryptocurrencies
Welcome to Kitco News' 2023 Outlook Series. Uncertainty continues to dominate financial markets as central bank monetary policies push the global economy into a recession to cool down inflation. Stay tuned to Kitco News to learn from the experts on how to navigate turbulent financial markets in 2023.
- Bitcoin-U.S. dollar prices are near steady in early U.S. trading Friday. A bull flag or bullish pennant pattern appears to be forming on the daily chart. The BC bulls have the firm overall near-term technical advantage amid a price uptrend in place on the daily bar chart. The path of least resistance for prices remains sideways to higher. Stay tuned!
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Crypto market win-streak comes to an end as Bitcoin slides to support at $20,800The cryptocurrency market saw a pullback in prices during trading on Wednesday as several major announcements brought an end to the multi-day streak of price gains.
Read more »
Bitcoin exchange supply maintains the drop, but will BTC’s resurgence change its fortuneSupply on centralized exchanges remains depleted despite an increase in Bitcoin network activity. Bulls might need to keep a cool head as 30-day SMA addresses had not finalized surpassing the 365-day SMA. The dishonesty of FTX, accompanied by the havoc experienced in 2022, led many Bitcoin [BTC] holders to switch to self-custody. However, other unaffected […]
Read more »
Bitcoin Exchange Balance hits 4-year low: How will this impact BTC?Glassnode chart revealed that Bitcoin was experiencing a low exchange balance. The current downtrend might be indicative of a bull trend rather than a bear trend. After the FTX meltdown, Bitcoin [BTC] began a rally that saw its value increase by over 25% and make up for the losses. The rest of the cryptocurrency market […]
Read more »
Bitcoin [BTC] investors embrace risk-on approach, but beware of hidden risksBitcoin investor appetite has resumed, according to multiple indicators. However, there is still a risk for BTC’s downside. As per a CryptoQuant analysis on 19 January, multiple signals were determining the start of Bitcoin’s [BTC] next bull run at press time. One of the biggest observations was that BTC’s holders shifted their coins from the […]
Read more »
Bitcoin: Here’s how the tides have changed for BTC despite sharks’ inputStablecoin inflow has been met with a decrease in Bitcoin reserves. Whales behavior could help BTC regain bullishness provided the UTXO value bands maintain status quo. The euphoria around Bitcoin [BTC] might have come to an abrupt end after the king coin failed to register significant gains for the first time in the new year. […]
Read more »
Bitcoin bulls hold near $21K as the crypto market shows resilienceCryptocurrency prices have managed to hold onto recent gains as Bitcoin bulls attempt to defend the $21,000 support level while altcoins start to trend higher.
Read more »