Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: Primo1760 on January 28, 2021, 06:07:54 AM
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Bitcoin has been in a $30,000-$35,000 range for almost a week at a time when some market participants are seeking out ether and other crypto to trade during the perceived doldrums.
Bitcoin (BTC) trading around $32,003 as of 21:00 UTC (4 p.m. ET). Slipping 4% over the previous 24 hours.
Bitcoin’s 24-hour range: $30,875- $32,967 (CoinDesk 20)
BTC above the 10-hour but below the 50-hour moving averages on the hourly chart, a sideways signal for market technicians.
Bitcoin’s price fell Tuesday, going as low as $30,875 around 15:00 UTC (10 a.m. ET) before coming back up, changing hands around $32,003.
The drop occurred after the world’s oldest cryptocurrency reached nearly $35,000 on Monday, noted Constantine Kogan, partner at investment firm Wave Financial, who is also bearish on current market conditions. “I expect a decline to $29,000,” he told CoinDesk. “Apparently some of the holders and whales sold off their positions.”
Kogan noted some positive news this week that didn’t move the bitcoin market much. “Marathon has invested $150 million in bitcoin and intends to become the largest miner in the world,” he said. “Crypto funds are raising records, but there was no growth at the same time.”
more details news (https://www.google.com/amp/s/www.coindesk.com/market-wrap-bitcoin-slips-investors-plow-into-defi%3famp=1)