Price analysis 1/24: BTC, ETH, XRP, SOL, BNB, DOGE, ADA, LINK, AVAX, XLM
Bitcoin is holding firm above $100,000, indicating that every minor dip is being purchased in anticipation of new all-time highs.
Bitcoin (BTC) has risen above $106,000, but the bulls are struggling to pierce the all-time high at $109,588. The near-term sentiment has taken a hit as a strategic Bitcoin reserve-specific executive order has still not been issued by US President Donald Trump.
Glassnode lead analyst James Check said in a Jan. 23 podcast that Bitcoin’s price action mirrors the 2016 to 2017 cycle. Check believes $120,000 to $150,000 to be the “topping cloud” for Bitcoin. He did not rule out Bitcoin breaking above $150,000 but gave it a “very, very low probability of staying at the top end.”
Crypto market data daily view. Source: Coin360
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Author: Rakesh Upadhyay
