NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: REX Shares Claims Its DOGE And XRP Spot ETFs Will Be Approved By US SEC Tomorrow
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: REX Shares Claims Its DOGE And XRP Spot ETFs Will Be Approved By US SEC Tomorrow

Bitcoin Price Technical Analysis for 01/23/2018 – How Low Can It Go?

newsbtc
newsbtc
1 year ago
2 mins read
bitcoin

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Bitcoin Price Key Highlights

  • Bitcoin price continues to trend lower and has barely found support after the previous retest of a broken short-term trend line.
  • Price is still inside its longer-term descending channel and looks ready for another move towards support.
  • Applying the Fib extension tool on the latest correction shows that the 38.2% level is holding but that price could still head to the lower levels next.

Bitcoin price continued its slump and may be setting its sights on the lower Fib extension levels.

Technical Indicators Signals

The 100 SMA is below the longer-term 200 SMA so the path of least resistance is to the downside. In other words, the selloff is more likely to continue than to reverse.

These moving averages are close to the channel resistance, adding an extra upside barrier in the event of a test. If selling pressure persists, bitcoin price could break through the 38.2% level then move on to the 50% extension at $9148.52.

The next support is at the 61.8% extension at the bottom of the channel around $8200 then the 76.4% extension is located at $7066.67. Stronger selling momentum could lead to move all the way down to the full extension at $5205.62.

Stochastic is pulling up from the oversold region, though, indicating that buyers could take over price action and probably lead to a move up to the area of interest at $13,000-14,000. RSI, on the other hand, is still pointing down to signal that sellers are in control.

Market Factors

The dollar drew some support from the passage of the funding bill in Congress that effectively ends the government shutdown. Equities and bond yields also ticked higher, drawing investors back to the U.S. markets again.

Meanwhile, bitcoin price tumbled once more as South Korean regulators took more steps to remove anonymity in transactions. The Vice Chairman of the Financial Services Commission real names on a virtual coin exchange wallet and bank account must be the same for a user to be able to make deposits starting January 30.

Tweet123Share196ShareSend
newsbtc
newsbtc

newsbtc

Comments 2

  1. Zbigkid says:
    8 years ago

    lifes-a-bitch-coin.

    Reply
  2. Capt_highnoon says:
    8 years ago

    Love a sellers market to be frank #frankcoin

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Comments 2

  1. Zbigkid says:
    8 years ago

    lifes-a-bitch-coin.

    Reply
  2. Capt_highnoon says:
    8 years ago

    Love a sellers market to be frank #frankcoin

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin Price Respects Support Zone

Bitcoin Price Keeps Climbing – Are We Hours Away From a Major Breakout?

Bitcoin price is moving higher above $116,650. BTC is now facing hurdles and might extend gains if it clears the...

Aayush Jindal 2 hours ago
Bitcoin price

Bitcoin Price Forecast: Expert Predicts 70% Chance Of New Highs Within Two Weeks

Following the recent decision by the US Federal Reserve (Fed) to cut interest rates, the Bitcoin price has resumed its...

Ronaldo Marquez 2 hours ago
Litecoin, Aptos, Polkadot, SUI, chainlink, Stellar

SUI Breakout In The Horizon? Price Eyes $4 Retest As Momentum Builds

SUI nears a crucial resistance level as intuitional momentum continues to grow and the network scores major partnerships. Some analysts...

Rubmar Garcia 2 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

XRP Price Stability Signals Opportunity

XRP Price Stability Signals Opportunity – Is a Fresh Breakout on the Horizon?

Aayush Jindal 13 minutes ago
Ethereum Price Squeezes Tight

Ethereum Price Squeezes Tight – Watch Out for Sudden Breakout Anytime

Aayush Jindal 13 minutes ago
dogecoin-etf-wall-street-interest-bitcoin-hyper-2025-100x-fomo-token-tw

狗狗幣ETF登場引爆華爾街關注 Bitcoin Hyper成2025年100倍幣FOMO焦點

Mark Mak 2 hours ago

Premium Sponsors

Press Releases

  • Bitcoin vissza 117 000 USD fölött a kamatcsökkentés után – nyílnak a vásárlási lehetőségek, miközben a Bitcoin Hyper ICO már meghaladta a 16,5 millió USD-t?

    Bitcoin vissza 117 000 USD fölött a kamatcsökkentés...

    5 hours ago
  • Bitcoin vissza 117 000 USD fölött a kamatcsökkentés után – nyílnak a vásárlási lehetőségek, miközben a Bitcoin Hyper ICO már meghaladta a 16,5 millió USD-t?

    Bitcoin späť nad 117 000 USD po znížení sadzieb –...

    5 hours ago
  • Bitcoin vissza 117 000 USD fölött a kamatcsökkentés után – nyílnak a vásárlási lehetőségek, miközben a Bitcoin Hyper ICO már meghaladta a 16,5 millió USD-t?

    Bitcoin späť nad 117 000 USD po znížení sadzieb –...

    5 hours ago
  • 4 tokeny připravené na obrovský růst, které mohou předstihnout Shiba Inu (SHIB) v nadcházejícím býčím trhu

    4 tokeny připravené na obrovský růst, které mohou...

    6 hours ago
  • 4 tokeny gotowe na ogromny wzrost, które mogą wyprzedzić Shiba Inu (SHIB) w następnym rajdzie byków

    4 tokeny gotowe na ogromny wzrost, które mogą wyprzedzić...

    11 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.