Latest Situation In Bitcoin And Cryptocurrencies! - January 8

What is the latest situation in Bitcoin and popular altcoins? When will the stagnation in the market end? When will the price end its horizontal movement? Here are the prices of Bitcoin(BTC), Ethereum(ETH) and popular altcoins!

The current situation in Bitcoin and popular altcoins is as follows: Bitcoin (BTC) continues to maintain its existing range structure, with an upper resistance level of $44,700 and a lower support level of $40,200. The market has been moving sideways, mainly due to the anticipation of ETF announcements and the weekend. In order for the market to sustain its upward momentum, we need to see closures above the $44,700 level. The presence of open liquidity in the lower range suggests that the price may aim for the lower support. The increase in Bitcoin dominance appears to be the main reason behind the pullback observed in altcoins.

Bitcoin (BTC): The BTC/USDT pair has lost 1.05% in the last 24 hours and is currently trading at $43,537. The resistance levels for BTC are first at $44,700, and then at $45,880. Support levels are at $42,400, and if the price falls below this region, there is support at $40,200.

Ethereum (ETH): The ETH/USDT pair has lost 2.30% in the last 24 hours and is currently trading at $2,194. The initial resistance level for ETH is $2,295, followed by $2,400. Support levels are first in the $2,145 – $2,115 range, and then at $2,030.

Arbitrum (ARB): The ARB/USDT pair has lost 8.96% in the last 24 hours and is currently trading at $1.6418. Resistance levels for ARB are first in the $1,645 – $1,670 range, and then in the $2.09 – $2.12 range. Support zones are at $1.42 – $1.44, and then at $1.231 – $1.28.

Dogecoin (DOGE): The DOGE/USDT pair has lost 4.40% in the last 24 hours and is currently trading at $0.07755. Resistance levels for DOGE are first at $0.08640 – $0.08850, and then at $0.1048 – $0.1065. Support levels are first in the $0.06800 – $0.07130 range, and then at $0.05700 – $0.05780.

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