Skip to content

Bitcoin Jan 21, 2022 – Hush, we’re going down

Too many fractures? Is it time to give up all hope that the bull rally will resume? Bitcoin (BTC) ? The markets are bleeding, the enemies of bitcoin are taking the opportunity to rub salt in the wound. Will the bears really be the masters of the BTC markets throughout this year 2022?

The bitcoin daily course (BTC) is offered to you in collaboration with the Coin Trading and its Algorithmic Trading Solution finally accessible to individuals.

Bitcoin Below $40,000: In Support Near $30,000 Or Below?

Bitcoin drops to around $37,590 on Bitfinex today, Jan 21, 2022. It is trading at $38,423 at time of writing, with a daily loss of 7.03%.

Trader Rekt Capital issued a few tweets to clarify this $40,000 loss. The latter follows strong rejection at $43,100, a major weekly resistance level that the bulls failed to convert into support.

Bitcoin at $38,000, BTC at a step of $30,000?
Rekt Capital publication – Source: Twitter

Technically, bitcoin is consolidating according to Rekt Capital, “within the range of $38,000-$43,100”. Rekt Capital further notes that “the $38,000 support zone is what separates #BTC from entering the area of ​​consolidation of $28,000-$38,000 “. Bitcoin had consolidated in this price range in the first and second quarters of 2021.

$10,000, eternity, oversold and bounce: today’s bitcoin keywords

Bitcoin’s drop below $40,000 obviously delighted critics of the older cryptocurrency. Peter Schiff thus expects bitcoin drops to $30,000, then to another significant drop that will bring the price of bitcoin back less than $10,000.

Bitcoin at $10,000, Peter Schiff's prediction for BTC
Post by Peter Schiff – Source : Twitter

Ardent bitcoin supporters have also spoken out in its defense, in an attempt to reassure markets. MicroStrategy CEO Michael Saylor, who takes a long-term view of bitcoin, said that “if you want to invest in #bitcoin, a short horizon is four years, a medium horizon is ten years and the good horizon is eternity. »

MicroStrategy CEO Michael Salylor is testing bullish on bitcoin (BTC).
Post by Michael Saylor – Source : Twitter

The drop below $40,000 has accentuated the oversold situation daily. The daily RSI (14) is currently at 25. Will the next bullish bounce allow Bitcoin cross weekly and monthly key thresholds at the end of January 2022?

This Bloomberg analyst follows believe in a $100,000 bitcoin in 2022. The markets are in blood, and the smell of the latter leaves the most optimistic indifferent, but scares those who are not yet used to the yo-yo in the price of bitcoin that sometimes precedes a strong rise.

Is it possible to be a winner every time? Whether the bitcoin price is in great shape or going through turbulence, Coin Trading offers you to increase your chances of success. In fact, Coin Trading allows people to access a trading tool algorithmic and 100% automated. Real trend mechanism, follow our affiliate link to try this tool designed to adapt to market reversals and position yourself in the most dynamic crypto assets of the moment.

Start investing in Cryptocurrencies and get Free Bitcoin when you buy or sell 100$ or more when you register in Coinbase