Bitcoin mining difficulty has reached its ATH.

@bitcoins

#BTC got rejected on weekly OB and is now retesting support, there's also an OB (Order Block) on daily and 100 MA on 4H to hold the price.

RSI is looking quite good on several time frames presenting bullish hidden divergence.

Ideally we'd like to see a sweep of the lows, about 22300$, since this fits for a range, trigger that liquidity and reclaim 22600$ - 22900$ support, that would be a solid long IMO.

In case 22600$ - 22300$ won't hold, immediate support is 21746$ (21 MA on daily), where it would be a bullish retest of the diagonal trendline from top that BTC have broken out, also a long possibility.

We'd still be quite bullish down to 20k - 18k, so I'd rather wait for a long than force a short.

@Bitcoins

🔎 On January 9, Nigerian citizens were banned from ATM withdrawals of more than 20,000 Naira (about $43.50) per day, and the weekly limit is 100,000 (about $217). Because of this, the price of 1 BTC on the Nigerian crypto exchange NairaEX grew to 17.7 million Naira, approx. $38.6k.

📊 Meanwhile, Google trends show a spike in interest in Nigeria to buy Bitcoin.

Are there any @Bitcoins subscribers from Nigeria🇳🇬? Show yourself!

🇩🇪 German banking giant DekaBank to offer Bitcoin and crypto to 1.5m retail customers and +500 institutional clients. DekaBank manages $428 Billion in assets.

@Bitcoins

🔺 Bitcoin purchases from ETF-funds increased sharply in January (more than half of all purchased $BTC since Jan. 9 comes from this cohort).

@Bitcoins

Bitcoin $BTC bottom formation 👆🏼

@Bitcoins

🇵🇭 Bitcoin-based app Strike expands in Philippines to grow cross-border payment solutions.

@Bitcoins

Since the Friday anomaly peaked around Bitcoin's all-time high set over a year ago, Fridays have been a drag on performance, until recently. With the recent rally in Bitcoin, the Friday anomaly appears to be back.

@Bitcoins

One of South Africa's largest retailers, Pick n Pay, now officially accepts Bitcoin and Lightning payments in all its stores.

https://twitter.com/bitcoinmagazine/status/1620767441164054529

@Bitcoins

BTC has been gaining traction relative to ETH on EUR markets in January while it held its ground on USD markets. Crypto/ETH/ESG investment narrative has some way to go in Europe.

@Bitcoins

Eurozone inflation falls to 8.5%.

@bitcoins

DXY broke down A solid horizontal support!

Crypto Bull market ahead? or will this be faked out?

@Market

Yea, we are still early!!

@bitcoins

Bitcoin NFTs push transaction fees on the blockchain to highest in over a year.

@bitcoins

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Bitcoin didn't sweep the lows at 22300$ but it quickly reclaim the 22900$ which is good and goes accordingly with analysis...

It's still being rejected from Monthly and Weekly resistances albeit weekly is printing a Spinning Top inside Weekly Order Block (need Sunday close confirmation).

"Spinning tops candlestick pattern represents indecision about the future direction of the asset. It means that neither buyers nor sellers could gain the upper hand."

Price Action isn't great on daily and showing difficult to go above 24k, leaving us with a range between 24k resistance and 22.6k support, where it did breakout from the top trendline and has 70.6% fib as support together with 200 MA on daily!

A sweep of the lows as analyzed previously has a high probability since it's below resistance and PA isn't looking goood!

@Bitcoins