RATE Group | Bitcoin News Today – Headlines for January 26
77132
post-template-default,single,single-post,postid-77132,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Bitcoin News Today – Headlines for January 26

26 Jan Bitcoin News Today – Headlines for January 26

Posted at 15:14h in Bitcoin News by

[ad_1]

  • Bitcoin remains trapped beneath its previous support level
  • Bitcoin finds strong support at the $8,200 level
  • The major resistance of Bitcoin is near $8,500

Bitcoin News Today – The price of Bitcoin (BTC) has been relatively stagnant over the past day, after plunging from its year-to-date high. BTC started correcting lower from its 2020 high of $9,200 against the U.S. dollar. Nevertheless, the price of the digital currency is still in an upward trend and it could find buyers close to the $8k or $7,670 mark.

Bitcoin Finds a New Strong Support Level

After forming a 2020 high close to the $9,200 mark, Bitcoin has been on a downward trend. The price of the digital currency broke below the $9k and $8,800 support levels to enter a bearish zone. The bears were able to push the price of the digital currency beneath the 23.6 percent Fibonacci retracement level of the previous swing from the low of $6,836 to the high of $9,191.

Bitcoin (BTC) Price Today – BTC / USD

The digital currency continued…

[ad_2]

Source link

Tags:
, , , , ,