By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Sign In
Web3,Blockchain & Metaverse Education Media PlatformWeb3,Blockchain & Metaverse Education Media Platform
  • Home
  • News
    • Cryptopedia
      • Blockchain News
      • Bitcoin News
      • Ethereum News
      • Altcoin News
    • Latest Metaverse & NFT News
      • Metaverse & NFT Games
      • Virtual Land
    • Exchanges News
    • Policy & Regulation
  • NFT Collection
    • NFT Review
    • Game Review
    • Submit NFT Project
  • Press Release
    • Sponsored Article
    • Submit Press Release
  • Interviews
    • Opinion
  • Web Stories
  • Expert Alliance
    • About Expert Alliance
    • Expert Alliance Benefits
    • Experts List
    • Apply for Expert Alliance
  • Guide
  • Videos
  • Events
    • Metaverse Events
Search
  • Advertise with us
  • Media Kit
  • 365 Media Plan
  • Submit Press Release
  • Submit NFT Project
© 2022 NFTStudio24.com News Network. All Rights Reserved.
Reading: Bitcoin hits $21k: A crypto market bull run? 
Share
Web3,Blockchain & Metaverse Education Media PlatformWeb3,Blockchain & Metaverse Education Media Platform
Search
  • Home
  • News
    • Cryptopedia
    • Latest Metaverse & NFT News
    • Exchanges News
    • Policy & Regulation
  • NFT Collection
    • NFT Review
    • Game Review
    • Submit NFT Project
  • Press Release
    • Sponsored Article
    • Submit Press Release
  • Interviews
    • Opinion
  • Web Stories
  • Expert Alliance
    • About Expert Alliance
    • Expert Alliance Benefits
    • Experts List
    • Apply for Expert Alliance
  • Guide
  • Videos
  • Events
    • Metaverse Events
Have an existing account? Sign In
Follow US
  • About us
  • Advertise with us
  • Media Kit
  • 365 Media Plan
  • Submit NFT Project
  • Careers
  • Contact us
  • Privacy Policy
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
HOME > News > CRYPTOPEDIA > BITCOIN NEWS > Bitcoin hits $21k: A crypto market bull run? 
BITCOIN NEWSCRYPTOPEDIANews

Bitcoin hits $21k: A crypto market bull run? 

news room
Posted news room January 17, 2023 75 Views 4 Min Read
Updated 2023/01/17 at 7:48 PM
Bitcoin hits 21k A crypto market bull run
SHARE
Tips:
  1. Bitcoin market cap rises to $407 billion over the week
  2. The candle chart closes in green indicating good market condition
  3. BTC enthusiasts anticipate the beginning of a bull run after the third bullish pattern on the chart this weekend 

The second week of January 2023 opens with Bitcoin shooting up 22.80% in the 7-day chart. BTC finally breaks away from the under $20 line. The world’s largest cryptocurrency has had the strongest week since February 2021.

Contents
Bitcoin at $21KShould we anticipate a bull run?Ethereum and Altcoins prices:

Do the green signals on Ethereum and the other altcoins indicate a possible bull run in Q1?

Crypto markets are picking up pace in the last four days as the virtual tokens break out from their previous resistance line to higher. The traders are betting on a bull run this week.

Bitcoin at $21K

According to CoinMarketCap data, Bitcoin rose on January 13, showing green candles closing at $19K and then at $20k. On 15 Jan, the world’s oldest coin managed to stay strong to rise to $21k. 

Bitcoin hits $21k
Source: CoinMarketCap

Currently, BTC’s support line is at $20,600 while the resistance line is at $21,300. The small gap between the two indicates stability and volatility in the market. 

Furthermore, the Relative Strength Index (RSI) is at 88.59. The RSI basically checks the momentum of the coin between 0-100. If the RSI is near 100, it indicates a strong momentum of the coin meaning it’s overpriced. 

Should we anticipate a bull run?

It only took 2 months for Bitcoin to recover from the shock waves of the $32B crypto exchange collapse. This alone shows how strong BTC is and how resistant it can be when it comes to financial crises.

Seeing the green candles has freshened up the eyes of traders as they celebrate the earnings from the positive movement. 

Does this mean Bitcoin will go long or is it just a short movement? There’s a great buzz of excitement among analysts, traders, and crypto enthusiasts as the coin constantly rose for 12 days. 

Since this was an unexpected rally, lots of speculations surround the experts. Nonetheless, many factors will define this week and the rest of the month’s position of BTC prices. 

The most important is the US Fed CPI coming in February. If the consumer price index comes less to indicate less inflation rates, then we can expect Bitcoin to rise. However, the World Bank has predicted a global economic recession for 2023, which might affect BTC prices to some extent. 

Ethereum and Altcoins prices:

  • Ether prices rose 3.12% in the past 24 hours and are currently trading at $1,500. This is the first time the second-largest coin reached this position since October 2022.
  • Solana becomes the biggest gainer of the 7d chart with a 45.52% price increase to $23 after it dropped to $11 due to Alameda’s collapse. 
  • Polygon (MATIC) breaks out from the $0.8 range to $1 with 20.42% on the 7-day chart.
  • BNB coin rises to $305 with 2.17% gains in the 24h chart.
  • Traders HODL over the first Solana-based meme coin, BONK INU.

Sign Up For Daily NFT Drops

Don't miss the next NFT drops!!!
I have read and agree to the terms & conditions
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article Yuga Labs unveils its first skill based Endless runner game Yuga Labs unveils its first skill-based Endless-runner game
Next Article BGA Survey Report traditional companies will drive blockchain gaming in 2023 BGA Survey Report: traditional companies will drive blockchain gaming in 2023
Leave a comment

Leave a Reply

You must be logged in to post a comment.

Don’t miss the NFT Drops! Sign up Now

I have read and agree to the terms & conditions

Latest News

Premier League to unveil NFT trading cards with Sorare 2
Premier League to unveil NFT trading cards with Sorare 
LATEST NFT NEWS & METAVERSE News February 1, 2023
Ordinals Protocol jolts controversy over Bitcoin NFTs 1
Ordinals Protocol jolts controversy over Bitcoin NFTs
LATEST NFT NEWS & METAVERSE News February 1, 2023
maxresdefault 1
Metaverse is the Web3’s killer app: Interview with Barn & Edward
INTERVIEW February 1, 2023
Join us
Ad imageAd image

You Might also Like

Premier League to unveil NFT trading cards with Sorare 2
LATEST NFT NEWS & METAVERSENews

Premier League to unveil NFT trading cards with Sorare 

February 1, 2023
Ordinals Protocol jolts controversy over Bitcoin NFTs 1
LATEST NFT NEWS & METAVERSENews

Ordinals Protocol jolts controversy over Bitcoin NFTs

February 1, 2023
Amazon embraces NFTs new games initiatives coming soon
LATEST NFT NEWS & METAVERSENews

Amazon embraces NFTs, new games & initiatives coming soon

January 31, 2023
SEC rejects Ark and 21Shares Bitcoin ETF Proposal again
LATEST NFT NEWS & METAVERSENews

SEC rejects Ark and 21Shares’ Bitcoin ETF Proposal again

January 31, 2023
//

NFTStudio24 delivers the latest NFT news to its global audience. We are committed to reporting mainstream and emerging talent via exclusive press releases, podcast interviews, NFT rankings, and much more.

GET IN TOUCH

  • About us
  • Advertise with us
  • Media Kit
  • 365 Media Plan
  • Submit NFT Project
  • Careers
  • Contact us
  • Privacy Policy

Experts Alliance

  • Experts Alliance
  • About Alliance
  • Alliance Benefits
  • Membership requirements
  • Apply Alliance
//

Subscribe to our newsletter to get our newest articles instantly!

I have read and agree to the terms & conditions
Web3,Blockchain & Metaverse Education Media PlatformWeb3,Blockchain & Metaverse Education Media Platform
Follow US

© 2022 NFTStudio24.com News Network. All Rights Reserved.

Removed from reading list

Undo
Join us metaverse Join us metaverse
Welcome Back!

Sign in to your account

Register Lost your password?