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<a rel="nofollow" target="_blank" href="https://coinmarketcap.com/">Top 10 coins by CoinMarketCap</a>
As altcoins are growing faster than Bitcoin (BTC), the market share of the leading crypto keeps going down and is now 65.2%.
<a rel="nofollow" target="_blank" href="https://coinmarketcap.com/charts/#dominance-percentage">BTC's market share</a>
The relevant data for Bitcoin is looking the following way:
<ul>
<li aria-level="1" dir="ltr">
Name: Bitcoin
</li>
<li aria-level="1" dir="ltr">
Ticker: BTC
</li>
<li aria-level="1" dir="ltr">
Market Cap: $687,708,580,684
</li>
<li aria-level="1" dir="ltr">
Price: $37,029.80
</li>
<li aria-level="1" dir="ltr">
Volume (24h): $56,770,489,907
</li>
<li aria-level="1" dir="ltr">
Change (24h): -0.90%
</li>
</ul>
The data is relevant at press time.
BTC/USD: Is the accumulation period coming to an end?
Yesterday, buyers' attempts to gain a foothold above the hourly EMA55 were repeated and, by the end of the day, they managed to stay above the level of average prices. The daily maximum was recorded around $37,450.
<a rel="dofollow" href="https://www.tradingview.com/symbols/BTCUSD">BTC/USD chart by TradingView</a>
On the hourly time frame, one can distinguish the level of $37,300, which is currently holding back the recovery of the Bitcoin (BTC) price. If, today, the line at around $36,000 works as a support, then the recovery may continue to the resistance of $40,000.
<a rel="dofollow" href="https://www.tradingview.com/symbols/BTCUSD">BTC/USD chart by TradingView</a>
On the 4H time frame, Bitcoin (BTC) is on the way to the local resistance at $38,600. The leading crypto has accumulated enough energy to reach that level, however, it was not enough to set the new peak.
<a rel="nofollow" target="_blank" href="#-eth-xrp-link-dot-ada-and-xlm-price-analysis-for-january-18">card</a>
It is also confirmed by the low buying trading volume.
<a rel="dofollow" href="https://www.tradingview.com/symbols/BTCUSD">BTC/USD chart by TradingView</a>
The bullish price action is also on the daily chart with a target at $42,000. However, the trading volume should increase if bulls want to attain that level. The same is applied to liquidity, which is low at current levels.
Bitcoin is trading at $37,087 at press time.
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Drupal\cryptocompare\TwigExtension\RemoveSpace->formatbody(Array) (Line: 54)
__TwigTemplate_75845256f703f5319a38e035b4af7dd9->doDisplay(Array, Array) (Line: 394)
Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
Twig\Template->display(Array) (Line: 379)
Twig\Template->render(Array, Array) (Line: 40)
Twig\TemplateWrapper->render(Array) (Line: 53)
twig_render_template('themes/cryptod/templates/field--body.html.twig', Array) (Line: 372)
Drupal\Core\Theme\ThemeManager->render('field', Array) (Line: 436)
Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)
Drupal\Core\Render\Renderer->render(Array) (Line: 474)
Drupal\Core\Template\TwigExtension->escapeFilter(Object, Array, 'html', NULL, 1) (Line: 1002)
__TwigTemplate_625426e732c5f7a66fde6d628d98a6b2->doDisplay(Array, Array) (Line: 394)
Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
Twig\Template->display(Array) (Line: 62)
__TwigTemplate_e934e56c1e459c359b150360c7169113->doDisplay(Array, Array) (Line: 394)
Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
Twig\Template->display(Array) (Line: 379)
Twig\Template->render(Array, Array) (Line: 40)
Twig\TemplateWrapper->render(Array) (Line: 53)
twig_render_template('themes/cryptod/templates/node.html.twig', Array) (Line: 372)
Drupal\Core\Theme\ThemeManager->render('node', Array) (Line: 436)
Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)
Drupal\Core\Render\Renderer->render(Array, ) (Line: 238)
Drupal\Core\Render\MainContent\HtmlRenderer->Drupal\Core\Render\MainContent\{closure}() (Line: 583)
Drupal\Core\Render\Renderer->executeInRenderContext(Object, Object) (Line: 239)
Drupal\Core\Render\MainContent\HtmlRenderer->prepare(Array, Object, Object) (Line: 128)
Drupal\Core\Render\MainContent\HtmlRenderer->renderResponse(Array, Object, Object) (Line: 90)
Drupal\Core\EventSubscriber\MainContentViewSubscriber->onViewRenderArray(Object, 'kernel.view', Object)
call_user_func(Array, Object, 'kernel.view', Object) (Line: 111)
Drupal\Component\EventDispatcher\ContainerAwareEventDispatcher->dispatch(Object, 'kernel.view') (Line: 187)
Symfony\Component\HttpKernel\HttpKernel->handleRaw(Object, 1) (Line: 76)
Symfony\Component\HttpKernel\HttpKernel->handle(Object, 1, 1) (Line: 58)
Drupal\Core\StackMiddleware\Session->handle(Object, 1, 1) (Line: 48)
Drupal\Core\StackMiddleware\KernelPreHandle->handle(Object, 1, 1) (Line: 191)
Drupal\page_cache\StackMiddleware\PageCache->fetch(Object, 1, 1) (Line: 128)
Drupal\page_cache\StackMiddleware\PageCache->lookup(Object, 1, 1) (Line: 82)
Drupal\page_cache\StackMiddleware\PageCache->handle(Object, 1, 1) (Line: 48)
Drupal\Core\StackMiddleware\ReverseProxyMiddleware->handle(Object, 1, 1) (Line: 51)
Drupal\Core\StackMiddleware\NegotiationMiddleware->handle(Object, 1, 1) (Line: 51)
Drupal\Core\StackMiddleware\StackedHttpKernel->handle(Object, 1, 1) (Line: 704)
Drupal\Core\DrupalKernel->handle(Object) (Line: 18)
Warning: Undefined array key 1 in Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard() (line 3181 of modules/custom/cryptocompare/src/TwigExtension/RemoveSpace.php). Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard('The bullish mood continues on the cryptocurrency market. However, there are some exceptions to the rule. Mainly, Polkadot (DOT) and Chainlink (LINK) are in the red zone, falling by 2.59% and 0.65%, respectively.
Advertisement
<a rel="nofollow" target="_blank" href="https://coinmarketcap.com/">Top 10 coins by CoinMarketCap</a>
As altcoins are growing faster than Bitcoin (BTC), the market share of the leading crypto keeps going down and is now 65.2%.
<a rel="nofollow" target="_blank" href="https://coinmarketcap.com/charts/#dominance-percentage">BTC's market share</a>
The relevant data for Bitcoin is looking the following way:
<ul>
<li aria-level="1" dir="ltr">
Name: Bitcoin
</li>
<li aria-level="1" dir="ltr">
Ticker: BTC
</li>
<li aria-level="1" dir="ltr">
Market Cap: $687,708,580,684
</li>
<li aria-level="1" dir="ltr">
Price: $37,029.80
</li>
<li aria-level="1" dir="ltr">
Volume (24h): $56,770,489,907
</li>
<li aria-level="1" dir="ltr">
Change (24h): -0.90%
</li>
</ul>
The data is relevant at press time.
BTC/USD: Is the accumulation period coming to an end?
Yesterday, buyers' attempts to gain a foothold above the hourly EMA55 were repeated and, by the end of the day, they managed to stay above the level of average prices. The daily maximum was recorded around $37,450.
<a rel="dofollow" href="https://www.tradingview.com/symbols/BTCUSD">BTC/USD chart by TradingView</a>
On the hourly time frame, one can distinguish the level of $37,300, which is currently holding back the recovery of the Bitcoin (BTC) price. If, today, the line at around $36,000 works as a support, then the recovery may continue to the resistance of $40,000.
<a rel="dofollow" href="https://www.tradingview.com/symbols/BTCUSD">BTC/USD chart by TradingView</a>
On the 4H time frame, Bitcoin (BTC) is on the way to the local resistance at $38,600. The leading crypto has accumulated enough energy to reach that level, however, it was not enough to set the new peak.
<a rel="nofollow" target="_blank" href="#-eth-xrp-link-dot-ada-and-xlm-price-analysis-for-january-18">card</a>
It is also confirmed by the low buying trading volume.
<a rel="dofollow" href="https://www.tradingview.com/symbols/BTCUSD">BTC/USD chart by TradingView</a>
The bullish price action is also on the daily chart with a target at $42,000. However, the trading volume should increase if bulls want to attain that level. The same is applied to liquidity, which is low at current levels.
Bitcoin is trading at $37,087 at press time.
') (Line: 1145)
Drupal\cryptocompare\TwigExtension\RemoveSpace->formatbody(Array) (Line: 54)
__TwigTemplate_75845256f703f5319a38e035b4af7dd9->doDisplay(Array, Array) (Line: 394)
Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
Twig\Template->display(Array) (Line: 379)
Twig\Template->render(Array, Array) (Line: 40)
Twig\TemplateWrapper->render(Array) (Line: 53)
twig_render_template('themes/cryptod/templates/field--body.html.twig', Array) (Line: 372)
Drupal\Core\Theme\ThemeManager->render('field', Array) (Line: 436)
Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)
Drupal\Core\Render\Renderer->render(Array) (Line: 474)
Drupal\Core\Template\TwigExtension->escapeFilter(Object, Array, 'html', NULL, 1) (Line: 1002)
__TwigTemplate_625426e732c5f7a66fde6d628d98a6b2->doDisplay(Array, Array) (Line: 394)
Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
Twig\Template->display(Array) (Line: 62)
__TwigTemplate_e934e56c1e459c359b150360c7169113->doDisplay(Array, Array) (Line: 394)
Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
Twig\Template->display(Array) (Line: 379)
Twig\Template->render(Array, Array) (Line: 40)
Twig\TemplateWrapper->render(Array) (Line: 53)
twig_render_template('themes/cryptod/templates/node.html.twig', Array) (Line: 372)
Drupal\Core\Theme\ThemeManager->render('node', Array) (Line: 436)
Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)
Drupal\Core\Render\Renderer->render(Array, ) (Line: 238)
Drupal\Core\Render\MainContent\HtmlRenderer->Drupal\Core\Render\MainContent\{closure}() (Line: 583)
Drupal\Core\Render\Renderer->executeInRenderContext(Object, Object) (Line: 239)
Drupal\Core\Render\MainContent\HtmlRenderer->prepare(Array, Object, Object) (Line: 128)
Drupal\Core\Render\MainContent\HtmlRenderer->renderResponse(Array, Object, Object) (Line: 90)
Drupal\Core\EventSubscriber\MainContentViewSubscriber->onViewRenderArray(Object, 'kernel.view', Object)
call_user_func(Array, Object, 'kernel.view', Object) (Line: 111)
Drupal\Component\EventDispatcher\ContainerAwareEventDispatcher->dispatch(Object, 'kernel.view') (Line: 187)
Symfony\Component\HttpKernel\HttpKernel->handleRaw(Object, 1) (Line: 76)
Symfony\Component\HttpKernel\HttpKernel->handle(Object, 1, 1) (Line: 58)
Drupal\Core\StackMiddleware\Session->handle(Object, 1, 1) (Line: 48)
Drupal\Core\StackMiddleware\KernelPreHandle->handle(Object, 1, 1) (Line: 191)
Drupal\page_cache\StackMiddleware\PageCache->fetch(Object, 1, 1) (Line: 128)
Drupal\page_cache\StackMiddleware\PageCache->lookup(Object, 1, 1) (Line: 82)
Drupal\page_cache\StackMiddleware\PageCache->handle(Object, 1, 1) (Line: 48)
Drupal\Core\StackMiddleware\ReverseProxyMiddleware->handle(Object, 1, 1) (Line: 51)
Drupal\Core\StackMiddleware\NegotiationMiddleware->handle(Object, 1, 1) (Line: 51)
Drupal\Core\StackMiddleware\StackedHttpKernel->handle(Object, 1, 1) (Line: 704)
Drupal\Core\DrupalKernel->handle(Object) (Line: 18)
Arman Shirinyan
Alex Dovbnya
