Bitcoin ‘Technically Oversold’, Crypto Websites in Top 20, NEAR Price Prints New Record: GetBlock’s Day in Crypto #19

Company

GETBLOCK

January 14, 2022

3 min read

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Bitcoin, the largest cryptocurrency, briefly tumbles below $40,000 for the first time since Sept.22, 2021. However, some indicators show that the two-month bearish trend might be close to ending.

Bitcoin finds ‘pivotal’ support at $40,000: Fidelity’s Jurrien Timmer

Mr. Tummer, an expert in macro investments at Fidelity, claimed that Bitcoin (BTC) dropped to a major support level near $40,000. Near this level, Bitcoin becomes ‘oversold’. Three TA indicators confirm this status; Stochastic Relative Strength Indicator (Stochastic RSI) is the most reliable of them.

Company

GETBLOCK

January 14, 2022

3 min read

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