News
The premium to NAV on Grayscale's Bitcoin trust has gone from over 35% to under 5% in just the last month. $GBTC
— Bespoke (@bespokeinvest) January 21, 2021
Some #crypto enthusiasts believe this to be a positive sign for the #cryptocurrency market but others warn that there is more that needs to be done. #CryptoRegulation https://t.co/VA14sl86bG
— Bitcoin News (@BTCTN) January 22, 2021
Fundamental Analysis
Bitcoin's biggest mining pool may be behind the BTC price drop, but buyers stepped in https://t.co/ICe8nwWFwr
— Jean-Charles GAND (@jeancharlesgand) January 22, 2021
JPMorgan Tries To Slam Bitcoin Again, Fails Spectacularly https://t.co/4A5E8oZmDQ
— zerohedge (@zerohedge) January 22, 2021
No, There Was No Double-Spending In Bitcoin https://t.co/HeHXx9erYD
— zerohedge (@zerohedge) January 21, 2021
In their latest report, @ARKInvest shows that the share of bitcoin in addresses holding more than 10,000 BTC has decreased over time, while that in addresses with fewer than 10 has increased. It appears the wealth associated with bitcoin is broadening out.https://t.co/R84SDckp8q pic.twitter.com/MPMPsIfv1f
— CoinDesk Research (@CoinDeskData) January 22, 2021
Charts
#Bitcoin | Bitcoin Optix Short-term sentiment barometer from @sentimentrader stands in oversold territory now, but the Crypto Fear & Greed index still stands at extreme overbought levels, even after its fresh pullback. In that sense, the situation is similar to June 2019. pic.twitter.com/V3xtvilPxn
— Jean-Charles GAND (@jeancharlesgand) January 22, 2021
BTC vs gold – similar in some ways, very different in many others … such as volatility! pic.twitter.com/DNvJetapCP
— CoinDesk Research (@CoinDeskData) January 21, 2021
Technical Analysis
#Bitcoin | Keep It Simple, Stupid (KISS): Bitcoin is challenging the key support level of 30324. The battle between Bulls and Bears has started here. There is no clear break of the level so far (support holds) but a sign of indecision at least. pic.twitter.com/0iUDZ4hcgx
— Jean-Charles GAND (@jeancharlesgand) January 22, 2021
— Jean-Charles GAND (@jeancharlesgand) January 22, 2021
Another interesting #Bitcoin pattern analysis (alpha) is every bottom since late 2019 has been marked with a 4 hour bullish div in oversold territory (including the March drop.)
The last two have tapped the 4 hour 200EMA and bounced as well.
Definitely a pattern to watch for. pic.twitter.com/X5ymwKLYP5
— Jacob Canfield (@JacobCanfield) January 21, 2021
Nice chart from Bloomberg TV #Bitcoin #XBT #BTC pic.twitter.com/mAvgEWyB7K
— Cryptuniverse (@Cryptuniverse1) January 22, 2021
🤝 With #Bitcoin and #Ethereum retracing, the ratio between #Bitmex longs and shorts have neutralized after several days of overwhelmingly high long levels. With this, longs are no longer paying shorts, and those willing to leverage long into this dip no longer
(Cont'd) ⬇️ pic.twitter.com/WjnFQtf6iR
— Santiment (@santimentfeed) January 22, 2021
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