(1/17, Sun) btc moved sideways with low volume during Saturday by jhdklk853

View this thread on steempeak.com
· @jhdklk853 ·
$5.50
(1/17, Sun) btc moved sideways with low volume during Saturday
Yesterday(1/16 00:00 - 24:00, UTC+0), bitcoin price recorded its starting as $36732, its lowest as $35420, its highest as $37969 and its closing as $36005. Bitcoin moved up and down between $35000-$38000 during Saturday with no big trading volume to close -1.98% down. In a word, dominance fell sharply from 68.5 to 67.1 during yesterday's sideways movement, and among altcoins, DeFi tokens rose significantly. 

Yesterday's dominance low was the first value reached after the breakthrough of $20,000 a month ago, and can be interpreted as indicating that it is time to rebound. Looking at the 4-hour chart, after the low of $30377 on 1/11, the lows rise and the highs are lowered at the same time, which shows a triangular convergence pattern. I guess btc would go up big (more than 15% from $36000) sooner or later considering this pattern and the possibility of btc dominance's rising.

According to the news of the cryptocurrency market on the 15th, The Block said that the trading volume of major cryptocurrency exchanges in January has already exceeded the trading volume of the previous month(December). This is a good explanation for the situation in which bitcoin surpassed $30,000 from January 2, rose 40%, fell back to $30,000, and then rebounded to $40,000 again. This means buying side has fought toughly with selling side.

Which side do you think would win, buyer or seller?
👍  , , ,
properties (23)
post_id89,130,307
authorjhdklk853
permlink1-17-sun-btc-moved-sideways-with-low-volume-during-saturday
categorybtc
json_metadata{"tags":["btc"],"app":"steemit\/0.2","format":"markdown"}
created2021-01-17 03:55:48
last_update2021-01-17 03:55:48
depth0
children1
net_rshares15,694,769,012,722
last_payout2021-01-24 03:55:48
cashout_time1969-12-31 23:59:59
total_payout_value2.822 SBD
curator_payout_value2.681 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length1,389
author_reputation364,008,153,075,826
root_title"(1/17, Sun) btc moved sideways with low volume during Saturday"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (4)
@upvu ·
<a href="https://coupa.ng/bHgxqM" target="_blank"><img src="https://ads-partners.coupang.com/banners/290666?subId=&traceId=V0-301-879dd1202e5c73b2-I290666&w=320&h=50" alt=""></a>
<a href="https://coupa.ng/bHgyfv" target="_blank"><img src="https://ads-partners.coupang.com/banners/273561?subId=&traceId=V0-301-371ae01f4226dec2-I273561&w=728&h=90" alt=""></a>
properties (22)
post_id89,130,321
authorupvu
permlinkre--1-17-sun-btc-moved-sideways-with-low-volume-during-saturday-20210117t035845543z
categorybtc
json_metadata{"tags":["btc"]}
created2021-01-17 03:58:48
last_update2021-01-17 03:58:48
depth1
children0
net_rshares0
last_payout2021-01-24 03:58:48
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length358
author_reputation27,754,495,235,856
root_title"(1/17, Sun) btc moved sideways with low volume during Saturday"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000