Cryptocurrency Market Analysis [January 27 Issue]

The current bitcoin

price level is exactly the same as one week ago.

Two weeks ago, the chart

trend line (diagonal) and

horizontal line intersected resistance

line; currently it has fallen back to

that line.

This price level is relatively strong, so

there is a sense that it may test 1 million yen again

as a flow.

At present, from the early 700,000s yen,

price increases have put short-term upside pressure

on the market.

.

There were questions from people who want to buy Bitcoin,

but if I were buying now, with the current price at 940,000 yen,

I would place a stop loss around 870,000 yen and

make a wait-and-see purchase.

Prices are gradually calming down,

I feel.

Currently, with the pneumonia coronavirus

giving the public a stir,

the movement of Bitcoin is somewhat limited.

In the stock market, shares of mask-related

companies have been hitting daily limits on the upside.

.

Regarding the coronavirus,

the world’s largest exchange

Binance has announced a donation of 150 million yen.

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