On Tuesday, January 12, the price of bitcoin rises. At 09:40 UTC, the first cryptocurrency is trading at $ 36,218.26 (+ 2.16%), according to CoinMarketCap.
Bitstamp BTC / USD Chart by TradingView
Ether went up in price to $ 1147.99 (+ 2.83%). XRP rose 8.99% to $ 0.308.
The FxPro analyst team notes:
“It was a very busy day for Bitcoin and the crypto market in general. Corrections are an inevitable consequence of the transition to new stages of the rally, however, without a long-term strategy, it is easy to succumb to a panic wave.
Digital currencies are capable of going through stages of growth, correction, consolidation and return to the rally in an incredibly saturated mode, compressed to several days. The current situation may just fit into a similar pattern: within just a few days, bitcoin managed to fall down by $ 10,000 and initiate a return to growth.
Over the course of the day, Bitcoin demonstrates an increase of 2% and is traded at about $ 36,000. Altcoins also moved to a neat growth.
Now, cautious investors should carefully monitor the dynamics of the rebound in order to determine the future prospects of the market.
If the recovery turns out to be sharp enough, like the week before, it will strengthen the upward momentum for the entire market.
The index of greed and fear sank by another 6 points over the course of a day to 84, at the border of the exit from the “extreme greed” regime. The RSI has stopped declining and is now showing attempts to return to growth. “
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