Bitcoin and Ethereum – Weekly Technical Analysis – January 25th, 2021

Bitcoin

Bitcoin, BTC to USD, slid by 9.97% in the week ending 24th January. Following on from a 6.02% decline from the previous week, Bitcoin ended the week at $32,320.0.

A mixed start to the week saw Bitcoin rise to a Tuesday intraweek high $37,936.6 before hitting reverse.

Falling well short of the first major resistance level at $40,389, Bitcoin slid to a Friday intraweek low $28,989.0.

The sell-off saw Bitcoin fall through the 23.6% FIB of $33,008 and the first major support level at…


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