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Bitcoin made an upward move, briefly reaching the $43,600 levels yesterday, but this increase was temporary and no close above $43,200 was seen. With the pullback, it is currently still trading at $42,850 levels within a horizontal trend.

Bitcoin and Cryptocurrencies: Latest Update – January 17

Bitcoin may make another decline towards the lower band during the day. Trading without a breakout could be too risky. It would be safer to trade by following the trend after the breakout occurs.

As of the writing of this article, the BTC/USD pair is trading at $42,821, down 0.71%. The resistance levels for BTC are between $43,200 and $44,300, while the support levels are between $42,600 and $41,800.

Ethereum: The ETH/USDT pair is trading at $2,566, down 0.78%, as of the writing of this article. The resistance levels for ETH are between $2,540 and $2,710, while the support levels are between $2,375 and $2,145.

Other Altcoins

The PERP/USDT pair is trading at $1.39, down 4.42%, as of the writing of this article. The resistance levels for PERP are between $1.46 and $1.64, while the support levels are between $1.34 and $1.13.

The JTO/USDT pair is trading at $2.67, up 3.30%, as of the writing of this article. The resistance levels for JTO are between $2.85 and $3.11, while the support levels are between $2.15 and $2.10.

The TRB/USDT pair is trading at $135.26, up 6.46%, as of the writing of this article. The resistance levels for TRB are between $153.07 and $183.50, while the support levels are between $132.46 and $124.40.

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