Thoughts on the crypto market on 01/21/2021

During the day, Bitcoin fixed below 35K, the local minimum on the strait was at 33403. At night, the price of the main cryptocurrency tried to return above 35K, but this did not lead to success, and now Bitcoin is trading at about 34700.

Market capitalization 999 billion, dominance index 64.6%

Stock markets were up; US indices rose from 0.83% (Dow Jones) to 1.97% (Nasdaq). The S&P 500 closed at 3851, once again hitting highs.

Bitcoin consolidated below 35K, an attempt to return higher was unsuccessful. Option 2, which was discussed, is being worked out. At the same time, the dominance of Bitcoin is declining, alts are growing, everything is going according to plan.

The number of wallets with a balance of more than 1000 BTS has again renewed the record, and the world's largest asset manager BlackRock, which manages 7.8 trillion in assets, is going to trade settlement futures on Bitcoin.

Option 2 from here is still a priority, and those who like to short Bitcoin will suffer)


Start mining bitcoin now

Start trading bitcoin now

Category: Analytics | Views: 170 | Added by: andryvrozhkov | Tags: #bitcoin #bitcoin news #btc | Rating: 5.0/1
Total comments: 0
Name *:
Email *:
Code *:
Mega Chop is Expected in Bitcoin Market Amidst “Continued Appetite” from Big Investors (0)
Bitcoin is tens of thousands away from “overbought” territory, study suggests (0)
Bitcoin’s chances of hitting $100,000 in 2021 stumble as Kanye West tipped to buy $100m (0)
Bitcoin and Ethereum Form A Bullish Reversing Chart Pattern (0)
Bitcoin and Ethereum slow down as transaction values and fees plunge 70% (0)
Bitcoin is set to soar (0)
Traders Fear "Black Thursday" Comeback as Bitcoin Returns in March Mostly Negative, Statistics Say (0)
Bitcoin to $10,000 or $100,000 in 2021? (0)
Citigroup & Goldman Sachs: Bitcoin’s Moment Is Now (0)