{"id":21688,"date":"2023-01-16T10:53:08","date_gmt":"2023-01-16T10:53:08","guid":{"rendered":"https:\/\/zebpay.com\/in\/?p=21688"},"modified":"2023-01-16T10:53:10","modified_gmt":"2023-01-16T10:53:10","slug":"bitcoin-technical-analysis-report-16th-january-2023","status":"publish","type":"post","link":"https:\/\/zebpay.com\/in\/blog\/bitcoin-technical-analysis-report-16th-january-2023","title":{"rendered":"Bitcoin Technical Analysis Report | 16th-January-2023<\/strong>"},"content":{"rendered":"\n

BITCOIN, the largest crypto asset by market cap, has been trading in an uptrend as the prices have risen almost by 26% over the past seven days. The current market cap is $406,795,758,726 up by 1.85% over the past 24 hours and the current market dominance of BTC is at 40.98%.<\/p>\n\n\n\n

At the time of writing, BTC<\/a> was trading at $21,146.<\/p>\n\n\n

\n
\"Bitcoin
Bitcoin (BTC) Chart<\/figcaption><\/figure><\/div>\n\n\n

BTC was trading in a range from $15,500 to $17,500. After giving a breakout above the range, the prices witnessed a rally and made the high of $21,439 by forming a \u2018Higher High Higher Low\u2019 pattern. BTC has strong resistance at $22,500 and we can expect some profit booking around these levels. RSI at 88 indicates that the asset is in an overbought zone. Once BTC breaks, closes and sustains above $22,500 then we can expect it to further rally up to $28,500. $17,500 and $15,000 will act as strong support for the asset.<\/p>\n\n\n\n

Key Levels:<\/h2>\n\n\n\n
Support 2<\/strong><\/td>Support 1<\/strong><\/td>Asset<\/strong><\/td>Resistance 1<\/strong><\/td>Resistance 2.<\/strong><\/td><\/tr>
$15,000<\/td>$17,500<\/td>BTC<\/strong><\/td>$22,500<\/td>$28,500<\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"

BITCOIN, the largest crypto asset by market cap, has been trading in an uptrend as the prices have risen almost by 26% over the past seven days. The current market cap is $406,795,758,726 up by 1.85% over the past 24 hours and the current market dominance of BTC is at 40.98%. At the time of […]<\/p>\n","protected":false},"author":1,"featured_media":21696,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[26],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/21688"}],"collection":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/comments?post=21688"}],"version-history":[{"count":0,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/21688\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media\/21696"}],"wp:attachment":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media?parent=21688"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/categories?post=21688"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/tags?post=21688"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}