• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
  • Play FinanceTry
No Result
View All Result
Breaking News: How Uniswap Was Deployed On The Binance Smart Chain
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
  • Play FinanceTry
No Result
View All Result
NewsBTC
No Result
View All Result
Breaking News: How Uniswap Was Deployed On The Binance Smart Chain

Bitcoin (BTC) Holds Steady Around $3,600 as Altcoins Drift Downwards

Cole Petersen by Cole Petersen
4 years ago
in Bitcoin, Cryptocurrency news, Ethereum
Reading Time: 2 mins read
Advertisement

Following a quiet Saturday where the cryptocurrency markets saw relative levels of stability, the volatility has increased on Sunday, with Bitcoin (BTC) holding stable as most major altcoins drop slightly.

Earlier today, Bitcoin dropped towards $3,550 before quickly bouncing, which adds further support for the notion that BTC has a significant amount of buying support at this price level.

Bitcoin (BTC) Holds Steady Around $3,600

At the time of writing, Bitcoin is trading down nominally at its current price of $3,590. Over the past week, Bitcoin has been caught in a trading range between $3,550 and $3,650, and it has been unable to decisively break above or below either price level.

Don't wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today!
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!

Earlier this morning, Bitcoin was pushed down to $3,550, the bottom of the aforementioned trading range, but was quickly propelled higher by the cryptocurrency’s bulls.

The Cryptomist, a popular cryptocurrency trader on Twitter, spoke about BTC’s price action earlier today, importantly noting that Bitcoin has been able to maintain higher lows since early-December.

“$BTC… Broke down support and bounced of a support that has held well since early December, thus maintaining higher lows… Strong lower wick suggest bulls are very much are present from 3470 region… Previous support on RSI candle now acting as resistance… Sig breakout before 1st feb,” she explained.

$BTC

Broke down support and bounced of a support that has held well since early December, thus maintaining higher lows
Strong lower wick suggest bulls are very much are present from 3470 region
Previous support on RSI candle now acting as resistance
Sig breakout before 1st feb pic.twitter.com/AT1ZMufDWZ

— The Cryptomist (@TheCryptomist) January 27, 2019

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?

Although this sentiment is cautiously bullish, DonAlt, another popular cryptocurrency analyst, shared a more bearish sentiment in a recent tweet, noting that he believes a break below $3,000 appears to be more likely than a break above $4,000.

“A break of 3k seems more likely to me than a break of 4k currently. I don’t like altcoin pumps while BTC is sluggish. Hope I’m wrong,” he explained, referencing some small cap altcoins that have seen some decent price gains over the past few days.

A break of 3k seems more likely to me than a break of 4k currently.
I don't like altcoin pumps while BTC is sluggish.
Hope I'm wrong.

— DonAlt (@CryptoDonAlt) January 26, 2019

Altcoins See Increased Volatility

Although Bitcoin has been able to hold steady around $3,600, most altcoins have dropped today as the crypto markets experience some typical Sunday volatility.

Most major cryptocurrencies have dropped today, despite Bitcoin’s current stability.

At the time of writing, Ethereum is trading down 1.7% at its current price of $115. Ethereum, like most major altcoins, has been closely tracking Bitcoin’s price action, and fell to lows of $113 earlier today before bouncing to its current price levels.

XRP has also dropped today and is trading down nearly 2% at its current price of $0.31. XRP has failed to experience any significant rally since it dropped earlier today, leaving it right above its weekly lows of just over $0.30.

Featured images from Shutterstock.
Tags: bitcoincryptoethereumxrp
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Cole Petersen

Cole Petersen

Cole is a cryptocurrency analyst based in Los Angeles. He studied at the University of California Irvine and has been interested in Bitcoin and the crypto markets since 2013.

Related Posts

Bitcoin Proof of work

$1 Million For 1 Bitcoin Possible Says This Report, Here’s Why

4 hours ago
Bitcoin

$28.7K Could Be Next Level To Break For Bitcoin, Here’s Why

5 hours ago
10 Best Bitcoin Casino Canada: 10 Bitcoin Gambling Sites in 2023

10 Best Bitcoin Casino Canada: 10 Bitcoin Gambling Sites in 2023

5 hours ago
FOMC Decision Will Push Bitcoin Up Or Down? The $30,000 Question

FOMC Decision Will Push Bitcoin Up Or Down? The $30,000 Question

7 hours ago
Best Alternatives to Stake 2023

Best Alternatives to Stake 2023

7 hours ago
Bitcoin

Here’s What John Lennon’s Son Thinks About Bitcoin

10 hours ago

Premium Partners

Play Finance

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
mBit

mBit

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit

5 Meme Coins Set To Moon In 2023

March 21, 2023

5 Reasons SCRIPT NETWORK Is The Best Crypto To Invest In Now

March 21, 2023

Becoming Borderless Pioneers. Bware Labs Roadmap and Commitment to Web3 Builders

March 21, 2023

New Sweeps Cash Casinos: Latest Sweepstakes Online Casinos (Crypto & Fiat Deposits)

March 21, 2023

Best Sweepstakes Online Casinos USA: Top-5 Sweeps Coins Sites

March 21, 2023

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.

Links

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2022 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play Games
  • Play Casino Games
  • Free Spins
  • Play Finance

© 2022 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.