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    Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard('The correction has continued on the cryptocurrency market as almost all of the top 10 coins are in the red zone. Binance Coin (BNB) is the only exception to the rule, rising by almost 1%.
        Advertisement
        
            
        
        
            
                    
                
                                                
    
            
            
                    
                
                                                
    
            
        
    
    <a rel="nofollow" target="_blank" href="https://coinmarketcap.com/">Top 10 coins by CoinMarketCap</a>
    Market capitalization has&nbsp;gone down and is currently $907 billion.
    <a rel="nofollow" target="_blank" href="https://coinmarketcap.com/charts/">Cryptocurrency market capitalization</a>
    The relevant data for Bitcoin today:
    
    <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:&nbsp;$570,579,838,070
    	</li>
    	<li aria-level="1" dir="ltr">
    	Price:&nbsp;$30,656.89
    	</li>
    	<li aria-level="1" dir="ltr">
    	Volume (24h):&nbsp;$73,047,765,128
    	</li>
    	<li aria-level="1" dir="ltr">
    	Change (24h): -3.44%
    	</li>
    </ul>
    
    The data is relevant at press time.
    
    BTC/USD: Can bulls hold the $30,000 mark this time?
    
    Yesterday the Bitcoin (BTC) price consolidated around the support area of $32,600. Weak attempts by buyers to restore the pair above the two-hour EMA55 were unsuccessful. The moving average in the afternoon limited the possible price recovery toward&nbsp;the purple downtrend line.
    <a rel="dofollow" href="https://www.tradingview.com/symbols/BTCUSD">BTC/USD chart by TradingView</a>
    Today, buyers will continue to try to test the resistance of the trend line, but&nbsp;bears will be able to maintain control over the market and smoothly push the price towards the psychological support of $30,000.
    <a rel="dofollow" href="https://www.tradingview.com/symbols/BTCUSD">BTC/USD chart by TradingView</a>
    On the 4H chart, Bitcoin (BTC) is likely to break the vital level at $30,000. Such a statement is confirmed by the high selling trading volume and the lines of the MACD indicator that have entered the red zone.
    
    <a rel="nofollow" target="_blank" href="#-eth-and-xrp-price-analysis-for-january-26">card</a>
    
    In this case, there are high chances of seeing the main crypto trading below $29,000 shortly.
    <a rel="dofollow" href="https://www.tradingview.com/symbols/BTCUSD">BTC/USD chart by TradingView</a>
    On the bigger time frame, Bitcoin (BTC) is even more bearish as if it fixed below $30,000.&nbsp;It may get to the next vital support at around $24,300 within a&nbsp;few days. The low liquidity supports such a move.
    
    Bitcoin is trading at $30,460 at press time.
    
    
    &nbsp;
    
    ') (Line: 1145)
    Drupal\cryptocompare\TwigExtension\RemoveSpace->formatbody(Array) (Line: 54)
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    Twig\Template->render(Array, Array) (Line: 40)
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    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)
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  • Warning: Undefined array key 1 in Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard() (line 3186 of modules/custom/cryptocompare/src/TwigExtension/RemoveSpace.php).
    Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard('The correction has continued on the cryptocurrency market as almost all of the&nbsp;top 10 coins are in the red zone. Binance Coin (BNB) is the only exception to&nbsp;the rule, rising by almost 1%.
        Advertisement
        
            
        
        
            
                    
                
                                                
    
            
            
                    
                
                                                
    
            
        
    
    <a rel="nofollow" target="_blank" href="https://coinmarketcap.com/">Top 10 coins by CoinMarketCap</a>
    Market capitalization has&nbsp;gone down and is currently $907 billion.
    <a rel="nofollow" target="_blank" href="https://coinmarketcap.com/charts/">Cryptocurrency market capitalization</a>
    The relevant data for Bitcoin today:
    
    <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:&nbsp;$570,579,838,070
    	</li>
    	<li aria-level="1" dir="ltr">
    	Price:&nbsp;$30,656.89
    	</li>
    	<li aria-level="1" dir="ltr">
    	Volume (24h):&nbsp;$73,047,765,128
    	</li>
    	<li aria-level="1" dir="ltr">
    	Change (24h): -3.44%
    	</li>
    </ul>
    
    The data is relevant at press time.
    
    BTC/USD: Can bulls hold the $30,000 mark this time?
    
    Yesterday the Bitcoin (BTC) price consolidated around the support area of $32,600. Weak attempts by buyers to restore the pair above the two-hour EMA55 were unsuccessful. The moving average in the afternoon limited the possible price recovery toward&nbsp;the purple downtrend line.
    <a rel="dofollow" href="https://www.tradingview.com/symbols/BTCUSD">BTC/USD chart by TradingView</a>
    Today, buyers will continue to try to test the resistance of the trend line, but&nbsp;bears will be able to maintain control over the market and smoothly push the price towards the psychological support of $30,000.
    <a rel="dofollow" href="https://www.tradingview.com/symbols/BTCUSD">BTC/USD chart by TradingView</a>
    On the 4H chart, Bitcoin (BTC) is likely to break the vital level at $30,000. Such a statement is confirmed by the high selling trading volume and the lines of the MACD indicator that have entered the red zone.
    
    <a rel="nofollow" target="_blank" href="#-eth-and-xrp-price-analysis-for-january-26">card</a>
    
    In this case, there are high chances of seeing the main crypto trading below $29,000 shortly.
    <a rel="dofollow" href="https://www.tradingview.com/symbols/BTCUSD">BTC/USD chart by TradingView</a>
    On the bigger time frame, Bitcoin (BTC) is even more bearish as if it fixed below $30,000.&nbsp;It may get to the next vital support at around $24,300 within a&nbsp;few days. The low liquidity supports such a move.
    
    Bitcoin is trading at $30,460 at press time.
    
    
    &nbsp;
    
    ') (Line: 1145)
    Drupal\cryptocompare\TwigExtension\RemoveSpace->formatbody(Array) (Line: 54)
    __TwigTemplate_75845256f703f5319a38e035b4af7dd9->doDisplay(Array, Array) (Line: 394)
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    Twig\Template->display(Array) (Line: 379)
    Twig\Template->render(Array, Array) (Line: 40)
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    Drupal\Core\Theme\ThemeManager->render('field', Array) (Line: 436)
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    __TwigTemplate_625426e732c5f7a66fde6d628d98a6b2->doDisplay(Array, Array) (Line: 394)
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    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)
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    Drupal\page_cache\StackMiddleware\PageCache->lookup(Object, 1, 1) (Line: 82)
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    Drupal\Core\DrupalKernel->handle(Object) (Line: 18)
    

Bitcoin (BTC) Price Analysis for January 27

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Wed, 27/01/2021 - 14:38
Bitcoin (BTC) Price Analysis for January 27
Cover image via www.tradingview.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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The correction has continued on the cryptocurrency market as almost all of the top 10 coins are in the red zone. Binance Coin (BNB) is the only exception to the rule, rising by almost 1%.

Advertisement
Top 10 coins by CoinMarketCap
Top 10 coins by CoinMarketCap

Market capitalization has gone down and is currently $907 billion.

Cryptocurrency market capitalization
Cryptocurrency market capitalization

The relevant data for Bitcoin today:

  • Name: Bitcoin

  • Ticker: BTC

  • Market Cap: $570,579,838,070

  • Price: $30,656.89

  • Volume (24h): $73,047,765,128

  • Change (24h): -3.44%

The data is relevant at press time.

BTC/USD: Can bulls hold the $30,000 mark this time?

Yesterday the Bitcoin (BTC) price consolidated around the support area of $32,600. Weak attempts by buyers to restore the pair above the two-hour EMA55 were unsuccessful. The moving average in the afternoon limited the possible price recovery toward the purple downtrend line.

BTC/USD chart by TradingView
BTC/USD chart by TradingView

Today, buyers will continue to try to test the resistance of the trend line, but bears will be able to maintain control over the market and smoothly push the price towards the psychological support of $30,000.

BTC/USD chart by TradingView
BTC/USD chart by TradingView

On the 4H chart, Bitcoin (BTC) is likely to break the vital level at $30,000. Such a statement is confirmed by the high selling trading volume and the lines of the MACD indicator that have entered the red zone.

card

In this case, there are high chances of seeing the main crypto trading below $29,000 shortly.

BTC/USD chart by TradingView
BTC/USD chart by TradingView

On the bigger time frame, Bitcoin (BTC) is even more bearish as if it fixed below $30,000. It may get to the next vital support at around $24,300 within a few days. The low liquidity supports such a move.

Bitcoin is trading at $30,460 at press time.

 
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