Cryptocurrency Prices Correct Today

Cryptocurrency report

For almost the entire week, the cryptocurrency market moderately declined but on Friday, tried to enter a correction, during which part of the previously lost positions was regained. Currently, Bitcoin is trading at 7240.0 (–2.3%), Ethereum is at 129.00 (–3.1%), Ripple is at 0.1900 (–2.5%), Tether is at 1.0058 (+0.3%), and Bitcoin Cash – around 207.00 (–3.1%). The total market capitalization fell from 197 billion to 184 billion dollars but then rose to the area of 191 billion dollars. Bitcoin’s market share remained above 68.0%.

Crypto Currencies Trading This Week

There are holidays this week, so investor activity remained reduced. Long-term pressure on the market is exerted by the actions of Chinese and American authorities. In China, a consistent struggle continues with mining, which is very common in the country. Chinese miners, under pressure from the state, began to reduce mining capacities. In particular, the authorities in Sichuan province, which is popular among mining companies, demanded that the leadership of local hydropower plants reduce or even stop the supply of electricity for these purposes. In the United States, the US Securities and Exchange Commission (SEC) is pending a trial against Telegram, which is trying to launch its Gram digital token. The regulator believes that the ICO conducted by Telegram was illegal. On January 2, the SEC asked judges to oblige the company to disclose how investor funds were spent over the past two years. Providing this information may give the court additional arguments to prohibit the digital Telegram project.

investment fraud lawyersRecover Your Investment Losses. Please Contact Haselkorn & Thibaut at 1 888-628-5590 or visit for a free consultation on recovering your investment losses.

From the news of cryptocurrencies, it is worth noting the fork of the Ethereum network called Muir Glacier, which, as planned, occurred on Thursday. The update postponed the “difficulty bomb” by 4 million blocks, and the reward for the mined block remained at the same level of 2 ETH. At the beginning of the week, the IOTA blockchain malfunctioned, as a result of which users could not complete transactions with their assets for 24 hours.

At the beginning of the new year, there were some forecasts of the state of the cryptocurrency market for 2020. So, the famous cryptocurrency enthusiast, founder of Galaxy Digital, Michael Novogratz, said that Bitcoin by the end of 2020 will cost at least 12K dollars. And the Australian entrepreneur Craig Wright, who had previously proclaimed himself the creator of Bitcoin, noted that this currency could no longer reach its historic highs in the region of 20K dollars. Next week, the cryptocurrency market may stabilize or continue a moderately downward movement.

Bitcoin 1 Day Moving Averages

Name Value Action
Exponential Moving Average (5) 7190.92 Buy
Simple Moving Average (5) 7166.65 Buy
Exponential Moving Average (10) 7202.82 Buy
Simple Moving Average (10) 7214.51 Buy
Exponential Moving Average (20) 7231.42 Buy
Simple Moving Average (20) 7180.50 Buy
Exponential Moving Average (30) 7301.23 Buy
Simple Moving Average (30) 7227.94 Buy
Exponential Moving Average (50) 7503.62 Sell
Simple Moving Average (50) 7391.26 Sell
Exponential Moving Average (100) 7972.57 Sell
Simple Moving Average (100) 7967.36 Sell
Exponential Moving Average (200) 8171.25 Sell
Simple Moving Average (200) 9254.56 Sell
Ichimoku Cloud Base Line (9, 26, 52, 26) 7058.99 Neutral
Volume Weighted Moving Average (20) 7164.66 Buy
Hull Moving Average (9) 7095.31 Buy


Bitcoin 1 Day Oscillators

Name Value Action
Relative Strength Index (14) 51.03 Neutral
Stochastic %K (14, 3, 3) 29.06 Neutral
Commodity Channel Index (20) 72.54 Neutral
Average Directional Index (14) 16.04 Neutral
Awesome Oscillator −74.64 Sell
Momentum (10) 63.89 Sell
MACD Level (12, 26) −62.72 Buy
Stochastic RSI Fast (3, 3, 14, 14) 32.21 Neutral
Williams Percent Range (14) −44.98 Neutral
Bull Bear Power −192.68 Neutral
Ultimate Oscillator (7, 14, 28) 48.55 Neutral

Bitcoin Pivots

Pivot Classic Fibonacci Camarilla Woodie DM
S3 4426.60 5774.31 6797.74 5139.13 —
S2 5774.31 6289.14 6921.28 5782.06 —
S1 6471.34 6607.20 7044.82 6486.84 6122.83
P 7122.02 7122.02 7122.02 7129.77 6947.77
R1 7819.05 7636.85 7291.90 7834.55 7470.54
R2 8469.73 7954.91 7415.44 8477.48 —
R3 9817.44 8469.73 7538.98 9182.25 —

2 thoughts on “Cryptocurrency Prices Correct Today”

Comments are closed.

Scroll to Top