Bitcoin Holds at $94,000 Over Weekend, $1.5 Billion in ETF Inflows
- Bitcoin Price Movement: Bitcoin opened at $95,000 on Sunday, and despite a strong rally last week, it failed to break through resistance due to low weekend trading volume, impacting altcoin performances.
- Support Level Analysis: Bitcoin maintains a robust position above $94,000, and if it continues to hold this level, there remains a possibility of testing the $98,000 resistance, reflecting market optimism for future trends.
- ETF Inflows: During the resistance test on January 13 and 14, Bitcoin ETFs saw over $1.5 billion in inflows; however, the typically low weekend volume poses a threat to the $94,000 support, yet overall weekly inflows remain dominant.
- Market Dynamics: Despite a significant drop in overall trading volume, LIT and CHZ posted notable gains in the past 24 hours, with CHZ achieving a 30% weekly increase, indicating strong rebound potential for select assets amid market downturns.
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Technical Analysis for CC
Technical Sentiment Analysis for Canton Network (CC) As of , Canton Network (CC) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 3 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for CC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, CC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Canton Network (CC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.115 | 0.135 | 0.155 | 0.175 | 0.195 | 0.216 | 0.235 |
| Fibonacci | 0.135 | 0.151 | 0.16 | 0.175 | 0.191 | 0.2 | 0.216 |
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