Bitcoin Reviews & Comments 2021

Of course, the main event on the crypto market is the bitcoin correction. The coin broke not only the $ 32K support level, but also the $ 30K round level. After that, they began to buy the asset, however, confidence in the prospects from market participants will return only if Bitcoin turns to growth towards $ 40K. In the meantime, the situation is very precarious.

Know1tAll   January 25, 2021  

Over the year, bitcoin has risen in price by 5.75 times, from $7,300 on January 01, 2020 to $41.900 on January 08, 2021, so a correction by "some" 30% is, they say, not a reason for panic. In addition, a number of analysts note that this time the fall of bitcoin is not accompanied by an exit to fiat. Investors, fixing profits on the main cryptocurrency, do not leave the digital market, but open positions on more promising, in their opinion, altcoins. For example, on ethereum, the price of which has increased more than 11 times over the year. And if by the evening of January 22, the BTC/USD pair lost 22% relative to the maximum, then the decline in ETH/USD was less than 10%.

$uppport&re$1$tance   January 25, 2021  

The bitcoin's quotes are in the region of $32,500. This is a fairly strong support/resistance level for the past three weeks. And if capitalization does not go up, and the price again manages to fall below $30,000, one can expect increased pressure from the bears and a new wave of active sales. 65% of experts agree with this. But there are also professional market participants who maintain a moderately bullish mood, which is confirmed by positive premiums for March futures, + 3.5-5.0%. And the head of investment company Pantera Capital Dan Morehead expects to see "bitcoin for $45,000 or even more" in February. However, he advises traders and other industry participants to be as prudent as possible.

Crypto Shark   January 24, 2021  

As Reuters reported, fortune teller Maren Altman from New York makes her predictions of the bitcoin rate based on the movement of the stars. She predicted the beginning of the January correction of bitcoin absolutely accurately, since on that day the trajectory of Mercury (the price of BTC) should have been crossed by Saturn (the limiting indicator). Looking ahead, Ms. Altman sees “some favorable signals at the end of the month and especially in February and early March.” “However, a big correction will begin in mid-March,” the fortune teller says. “Mid-April also looks pessimistic. May is bullish.”

acc0untant   January 23, 2021  

Now that Bitcoin has lost the $32,000 and $30,000 support, a growing number of analysts are suggesting that the price could retest the $24,000 support. One theory behind the dip suggests that institutional investors viewed Bitcoin as a crowded trade and decided to take profits.

Know1tAll   January 22, 2021  

Bitcoin moved lower on Wednesday after several days of consolidation. The cryptocurrency fell to weekly lows of about $ 33,400, losing more than 8% at the moment. However, Bitcoin still remains in a well-defined channel that formed after the rise of the cryptocurrency to $ 42,000 and the subsequent correction. The market has been in this state for about two weeks already - within 14 days the price has changed by half a percent. In the short term, the decline is expected to continue due to whales. Whales bring bitcoins to exchanges. No question, it will go up to $ 100,000 this year, but in the short term, unless we see significant buying pressure on Coinbase, I think BTC will be in a bearish trend.

acc0untant   January 21, 2021  

If the crypto market is indeed cyclical, extra caution should be taken in the next few weeks, in the event that Bitcoin goes into a sharp decline, the altcoins will be attracted by the massive retail FOMO, which will push BTC up for a while. In early February, Ethereum futures will be launched, now the coin is growing in anticipation of this event, however, as with Bitcoin in 2017, growth is not a guaranteed result of this event.

Know1tAll   January 21, 2021  

Bitcoin bulls and bears are playing a tug-of-war near the $ 35K support level. Over the past 24 hours, Bitcoin has lost more than 3% and traded about $ 35,000, dropping below the support line of the last four weeks. In addition to the supporters of the growth theory up to $ 50K, there are other market participants who believe that what is happening at the moment may resemble the scenario of the end of 2017, when Bitcoin first reached a historical maximum, then a rather short altcoin season began, and after that “crypto winter” came. If such a scenario really comes true, then we have already seen the historical maximum of Bitcoin above $ 40K, Ethereum (ETH) yesterday reached its past all-time high, which may be the starting point of the altcoin season. The demand from miners for video cards is also similar to the hype in early 2018, when alternative cryptocurrencies showed intense growth.

tradewisely   January 21, 2021  

Bitcoin has been adding almost 4% over the past 24 hours and is trading at about $ 36,600, developing consolidation. At the same time, corrective pullbacks are becoming less and less deep, although the upper limit remains the level of $ 40K.In the event that Bitcoin confidently exceeds the threshold of $ 40K, we can see a new FOMO impulse among crypto market participants, within which even those who have taken profits can reopen positions in anticipation of new highs. As Bitcoin approaches $ 50K, the likelihood of a large-scale correction will increase significantly. Psychologically, it will be difficult for the market to overcome such a high value, although the forecasts sound more and more optimistic.

Know1tAll   January 20, 2021  

Bitcoin is ready to aim at $ 27,000 if support near $ 30,000 fails. Altcoins will be “destroyed” by correction if BTC drops to $ 27,000. As a rule, they have less liquidity and volumes, and therefore respond more actively to the mood swings of traders.

Crypto Shark   January 19, 2021  

The total cryptocurrency market capitalization is barely above $ 1 trillion, periodically falling below this level due to waves of corrections. However, the market is hovering around an all-time high that could not be set even during the rally in late 2017. Another positive sign is the decrease in the greed and fear index for Bitcoin and the largest cryptocurrencies. Since last week, the index has dropped 11 points to the value of “79”, which, although it still corresponds to the “extreme greed” regime, is still much closer to neutral level. The RSI on the daily charts came out of the overbought zone, reflecting the neutral values.

Philosopher   January 19, 2021  

Bitcoin was unable to re-overcome the $ 40K threshold, remaining within the corrective scenario. However, the support level near $ 35K has not been broken, and crypto market participants are not showing panic. After impressive growth in October-January, the benchmark cryptocurrency needs consolidation. Price swings of $ 33K- $ 40K fit well into the mass perception of the acceptable range of fluctuations for a given market. On the other hand, the sharp bullish momentum is paused.

Potato Coin   January 19, 2021  

Earlier, as it approached $ 20K, Bitcoin faced many waves of corrections, and now the coin may face waves of profit taking as it reaches $ 40K. Nevertheless, in the crypto community, the forecast for growth up to $ 50K is becoming stronger. Given the volatile nature of the crypto market, this price level is quite real. Institutional investors at the end of last year announced growth targets not only above 100 thousand, but also above 300 thousand, assuming the potential for multiple growth from current levels. Alternative cryptocurrencies supported the growth of the first cryptocurrency. Altcoins are now the most risky assets to invest, as they attract the greatest retail demand, which means they are more prone to correction than BTC.

tradewisely   January 18, 2021  

The top 100 Bitcoin addresses have been very bullish over the past 30 days. In total, almost 350,000 new bitcoins appeared on these wallets. Even more optimistic news is that most of these addresses did not react to the correction in any way. Withdrawal operations were recorded on a very small number of Bitcoin addresses.

l00k$_1ntere$1ng   January 17, 2021  

Bitcoin is recovering, strengthening for the third day in a row. Since the beginning of Wednesday, the first cryptocurrency has added almost 5 thousand dollars, approaching $ 39,000 on Thursday. Institutional market players have again bought bitcoin from retail investors, experts say. While retail investors were selling, institutions took advantage of the pullback to buy more. Cryptocurrency financial services provider NYDIG, in a conversation with The Block, also noted that over the weekend, institutions were overwhelmingly on the side of buyers. During the decline, 89% of our customers' requests were for purchase. We see that our client base, which is made up of institutions with very long-term prospects, such as insurance companies, is using depreciation to build positions.

acc0untant   January 16, 2021  

We saw the touch of another all-time high above $ 40,000, and all participants in the crypto market are psychologically ready to see growth up to $ 50,000, where, probably, we will see really strong resistance and even a possible trend reversal due to profit taking by many large players. However, is 50k the limit in the current bullish cycle? Hardly. Globally, now all the prerequisites for the continued growth of cryptocurrencies in general, in addition, we received another proof of the operation of crypto factors, including halving.

wise_investor   January 15, 2021  

The current consolidation may turn out to be quite lengthy by the standards of the crypto market in recent weeks. However, we saw the touch of another all-time high above $ 40k, and all participants in the crypto market are psychologically ready to see growth up to $ 50k, where, probably, we will see really strong resistance and even a possible trend reversal due to profit taking by many large players.

acc0untant   January 14, 2021  

Bitcoin is decreasing by 4% per day and is trading near the lower border of $ 33k, showing no obvious dynamics in any direction. Unable to sharply return to growth, the benchmark cryptocurrency began to consolidate around the previously occupied levels. The rally condition and FOMO did not give Bitcoin time to consolidate important price frontiers after exceeding $ 30k. The current consolidation may turn out to be quite lengthy by the standards of the crypto market in recent weeks.

RealSatoshi   January 14, 2021  

It was a very busy day for Bitcoin and the entire crypto market in general. Corrections are an inevitable consequence of the transition to new stages of the rally, however, without a long-term strategy, it is easy to succumb to a panic wave. Digital currencies are capable of going through stages of growth, correction, consolidation and return to the rally in an incredibly saturated mode, compressed to several days. The current situation may just fit into a similar pattern: within just a few days, Bitcoin managed to fall down by $ 10,000 and initiate a return to growth.

acc0untant   January 13, 2021  

A pullback in the bitcoin price was expected. However, do not despair. The market drop will allow investors to enter the crypto sphere at better prices. According to the businessman's forecasts, we will soon reach $ 50,000 again, and in the second quarter Bitcoin will be able to approach $ 100,000. It is too early to speculate about a complete reversal of the trend. As in the beginning of the year, buyers can come to the aid of bitcoin, because the fundamental grounds have not changed yet: the Americans are preparing to sign large-scale incentives, and the markets are flooded with liquidity, which is parked in assets showing at least some positive yield.

RealSatoshi   January 12, 2021  

The fall in bitcoin, which started on Sunday, continued throughout Monday. The daily decline was the largest since the crisis in March last year. In two days, the first cryptocurrency lost about a quarter of its value, dropping below $ 31,000. It makes sense to take profits against the background of bitcoin falling below $ 33,000. Bitcoin's parabolic rise is not viable in the short term and is vulnerable to a pullback. The technical target for the $ 35,000 rally has been exceeded.

tradewisely   January 12, 2021  

The global markets started the week quite alarmingly, which did not fail to affect Bitcoin. By the start of trading on European markets, the rate dropped to $ 32.3 thousand (-23% from Friday's peak). This failure should be attributed to the increased traction in security papers on world markets. The rally in the yield of American Treasuries has been going on since the beginning of last week, but by the end of it it began to influence many other markets, sucking liquidity from them.

Crypto_Punch   January 12, 2021  

Buyers raised the weekly RSI in Bitcoin futures to above 93, indicating the asset's highest overbought level. The miners' position index may be at a local maximum, indicating sales on their part. The price correction will be short-term and by the end of January it expects new historical highs in the quotes of the leading cryptocurrency. For the first time in a long time, Bitcoin tested the monthly volume weighted average price (VWAP) level. VWAP is used by technical analysts to identify market trends and to calculate a volume-weighted average price.

Fabi0   January 11, 2021  

Bitcoin fell below $ 33,000 on Monday, although it was trading above $ 41,000 on Sunday. The decline reached 20% at the moment. The first cryptocurrency began to decline in mid-Sunday, strengthening the fall in today's Asian session. Together with bitcoin, prices of other leading cryptocurrencies have also dropped. Market capitalization fell below $ 1 trillion. The fall in price led to the liquidation of traders' positions in the Bitcoin derivatives market for $ 1.49 billion in 24 hours. The volume of liquidated positions for all coins amounted to almost $ 2.7 billion.

Copernicus   January 11, 2021  

Last Thursday, Bitcoin for the first time in history rose above the $ 40,000 mark. On Friday, the first cryptocurrency approached the $ 42,000 level, below which it consolidated until the end of the week. Researchers at cryptanalyst company Material Indicators are paying attention to Bitcoin's sharp pullback from $ 40,000 on Thursday, when BTC fell to almost $ 36,000, losing 10% at the moment. According to experts, such a sharp decline was a direct result of sales from large investors, coinspot writes. Around $ 36,000, support intensified and the fall was quickly bought back. Material Indicators are expecting a larger pullback in the very near future. The “whales” controlling bitcoins in the amount of up to $ 1 million will move to the probable profit-taking.

ComputerScientist   January 10, 2021  

According to the Commitments of Traders reports provided by the Commodity Futures Trading Commission (CFTC) - for the week ending last Tuesday: Large speculators increased their net position to sell Bitcoin contracts by 0.14 thousand contracts to 3.02 thousand. Large speculative players increased their net position by sale after a notable weekly decline. The net position started to rise from the minimum levels since the end of November. Small speculators increased the net position for buying Bitcoin contracts by 0.11 thousand contracts to 2.61 thousand. Hedgers increased their net position for buying Bitcoin contracts by 0.03 thousand contracts to 0.42 thousand contracts. Open interest increased by 0.89 thousand contracts to 12.26 thousand. The bearish index of large speculators (the ratio of the number of contracts to sell to the number of contracts to buy) decreased by 0.01 to 1.41 over the week (due to the growth of purchases).

Crypto Shark   January 9, 2021  

Demand from retail investors for BTC and ETH has skyrocketed. The general public is starting to catch the wizarding internet money fever, right as the wave of institutional capital arrives. Only 4.2 million bitcoins (22%) are currently constantly in circulation and available for purchase and sale. There are two main factors that can contribute to the reversal of the current trend to bearish: a slowdown in institutional money flow and cascading liquidations of margin long positions. Bitpay admits a decrease in bitcoin to $ 20,000 due to profit taking by institutions. Institutional investors can bring sales of unprecedented proportions to the market. Bitcoin is making new highs but is still far from a peak. The price dynamics of the first cryptocurrency does not look like the final stage of the bubble at the moment.

RealSatoshi   January 8, 2021  

Bitcoin surpassed the $ 40,000 level, thus doubling from its previous all-time high of three years. On Thursday, the first cryptocurrency of the day crossed five round levels at once (from $ 26K to $ 30K). The total capitalization of the cryptocurrency market for the first time exceeded the $ 1 trillion mark. Bitcoin has risen more than $ 20,000 in 50 days after breaking through $ 18,000. The price is clearly in the middle of a parabolic move. Overall, analysts maintain positive expectations for bitcoin in the short term, while agreeing with signs of overbought.

l00k$_1ntere$1ng   January 8, 2021  

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