On-chain analysis reveals that the use of leverage in trading Bitcoin has been significantly reduced, even as the market is currently experiencing an appreciation in the value of BTC. This could imply that traders and investors are bullish on Bitcoin but are hesitant to put all of their money into the market. The implication of this could lead to slow and steady growth for BTC as the overall trend flips bullish.
Market participants now seem to be becoming more cognizant of the risks involved in trading with leverage. Trading Bitcoin with leverage has been in existence for about a few years now. Leverage allows a trader to make more profits than he would have made without it. At the same time, trading with leverage can drastically increase the chance of getting liquidated much sooner if the price moves against the predicted direction.
Key Bitcoin Levels To Watch – January 22
The market seems to be recovering as it breaks the short-term low at $21479.00. However, the market still looks very bearish on the daily time frame since it has yet to break the long-term high at the $25215.00 price level.
The Moving Average Period 9 shows that the current direction of the market is upward, however, a daily bearish order block hangs at the $25215.00 supply zone. If the order block is not mitigated, the price might eventually resume its original trend in a downward direction.
Bitcoin Key Levels
Resistance Levels: $28800.00, $25215.00, $21479.00
Support Levels: $18385.00, $15512.00, $12487.00
Total Market Capitalization: $1.03T
Bitcoin Market Capitalization: $436.70B
Bitcoin Volume: $25.28B
Market Rank: #1
You can purchase Lucky Block here. Buy LBLOCK
Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.