{"id":9981,"date":"2024-01-18T20:15:17","date_gmt":"2024-01-18T20:15:17","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=9981"},"modified":"2024-04-03T02:08:36","modified_gmt":"2024-04-03T02:08:36","slug":"bitcoin-and-cryptocurrency-market-update-january-18th","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/bitcoin-and-cryptocurrency-market-update-january-18th\/","title":{"rendered":"Bitcoin and Cryptocurrencies Market Update! \u2013 January 18th"},"content":{"rendered":"<p data-sourcepos=\"5:1-5:130\">As we start the new day, how are the prices of Bitcoin and Cryptocurrencies? Is the rise continuing? Here are the BTC, ETH prices!<\/p>\n<blockquote>\n<p data-sourcepos=\"5:1-5:130\">You might like: <a href=\"https:\/\/coinengineer.net\/blog\/proshares-inverse-bitcoin-etf\/\" target=\"_blank\" rel=\"noopener\"><span style=\"text-decoration: underline;\"><strong><em>ProShares: Inverse Bitcoin ETF<\/em><\/strong><\/span><\/a><\/p>\n<\/blockquote>\n<p data-sourcepos=\"7:1-7:331\">There was no significant price movement in Bitcoin this week, and prices generally followed a sideways trend. However, current technical indicators suggest that a move is possible in the coming days. In particular, a &#8220;Dead Cross&#8221; formation is observed on the 4-hour chart. This is usually interpreted as a harbinger of a downtrend.<\/p>\n<h2 data-sourcepos=\"7:1-7:331\"><span style=\"font-size: 75%;\">Bitcoin and Cryptocurrencies Market Update! \u2013 January 18th<\/span><\/h2>\n<p data-sourcepos=\"9:1-9:327\">In the current situation, we can evaluate the possible scenarios for Bitcoin prices. As in previous similar cases, this Dead Cross formation could signal a downtrend. However, sometimes a short-term uptrend can also occur before this decline. In other words, Bitcoin prices could rise for a short period before falling.<\/p>\n<ul data-sourcepos=\"11:1-16:0\">\n<li data-sourcepos=\"11:1-11:214\"><strong>Bitcoin (BTC):<\/strong> BTC\/USD pair is trading at $42,834 as of the writing of this article, up 0.11%. Resistance levels for BTC are in the range of $43,200-$44,300, and support levels are in the range of $42,600-$41,800.<\/li>\n<li data-sourcepos=\"12:1-12:211\"><strong>Ethereum (ETH):<\/strong> ETH\/USDT pair is trading at $2,532 as of the writing of this article, up 0.08%. Resistance levels for ETH are in the range of $2,540-$2,710, and support levels are in the range of $2,375-$2,145.<\/li>\n<li data-sourcepos=\"13:1-13:205\"><strong>Dydx (DYDX):<\/strong> DYDX\/USDT pair is trading at $3.19 as of the writing of this article, up 1.46%. Resistance levels for DYDX are in the range of $3.45-$4.18, and support levels are in the range of $3.09-$3.00.<\/li>\n<li data-sourcepos=\"14:1-14:204\"><strong>Jito (JTO):<\/strong> JTO\/USDT pair is trading at $2.46 as of the writing of this article, down 3.75%. Resistance levels for JTO are in the range of $2.85-$3.11, and support levels are in the range of $2.36-$1.97.<\/li>\n<li data-sourcepos=\"15:1-16:0\"><strong>Arbitrum (ARB):<\/strong> ARB\/USDT pair is trading at $1.95 as of the writing of this article, down 3.87%. Resistance levels for ARB are in the range of $2.07-$2.17, and support levels are in the range of $1.86-$1.74.<\/li>\n<\/ul>\n<hr \/>\n<div class=\"response-container-content ng-tns-c2554761050-189\">\n<div class=\"response-content ng-trigger ng-trigger-responsePopulation ng-tns-c2554761050-189 ng-animate-disabled\">\n<div class=\"markdown markdown-main-panel\" dir=\"ltr\">\n<p><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">You can freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Telegram<\/strong>,<\/a>\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">YouTube<\/strong><\/a>,\u00a0and\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/twitter.com\/coinengineers\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Twitter<\/strong><\/a> channels for the latest news and updates.<\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>As we start the new day, how are the prices of Bitcoin and Cryptocurrencies? Is the rise continuing? Here are the BTC, ETH prices! You might like: ProShares: Inverse Bitcoin ETF There was no significant price movement in Bitcoin this week, and prices generally followed a sideways trend. However, current technical indicators suggest that a<\/p>\n","protected":false},"author":1,"featured_media":9982,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[1011,3642,1029,106,2842],"class_list":["post-9981","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-coin-analysis","tag-arbitrum","tag-bitcoin-and-cryptocurrency","tag-dydx","tag-eth","tag-jito"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin and Cryptocurrencies Market Update! \u2013 January 18th - Coin Engineer<\/title>\n<meta name=\"description\" content=\"18 Jan 2024 - As we start the new day, how are the prices of Bitcoin and Crypto? Is the rise continuing? 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