{"id":369412,"date":"2019-01-27T19:30:19","date_gmt":"2019-01-27T19:30:19","guid":{"rendered":"https:\/\/wncen.com\/?p=369412"},"modified":"2019-01-27T17:27:41","modified_gmt":"2019-01-27T17:27:41","slug":"bitcoin-btc-holds-steady-around-3600-as-altcoins-drift-downwards","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-btc-holds-steady-around-3600-as-altcoins-drift-downwards\/","title":{"rendered":"Bitcoin (BTC) Holds Steady Around $3,600 as Altcoins Drift Downwards"},"content":{"rendered":"<p>Following a quiet Saturday where the cryptocurrency markets saw relative levels of stability, the volatility has increased on Sunday, with Bitcoin (BTC) holding stable as most major altcoins drop slightly.<\/p>\n<p>Earlier today, Bitcoin dropped towards $3,550 before quickly bouncing, which adds further support for the notion that BTC has a significant amount of buying support at this price level.<\/p>\n<h2><strong>Bitcoin (BTC) Holds Steady Around $3,600<\/strong><\/h2>\n<p>At the time of writing, <a href=\"https:\/\/wncen.com\/2019\/01\/25\/will-bitcoin-dump-to-1250-wall-street-bankers-think-so\/\">Bitcoin<\/a> is trading down nominally at its current price of $3,590. Over the past week, Bitcoin has been caught in a trading range between $3,550 and $3,650, and it has been unable to decisively break above or below either price level.<\/p>\n<p>Earlier this morning, Bitcoin was pushed down to $3,550, the bottom of the aforementioned trading range, but was quickly propelled higher by the cryptocurrency\u2019s bulls.<\/p>\n<p>The Cryptomist, a popular cryptocurrency trader on Twitter, spoke about BTC\u2019s price action earlier today, importantly noting that Bitcoin has been able to maintain higher lows since early-December.<\/p>\n<blockquote><p>\u201c$BTC\u2026 Broke down support and bounced of a support that has held well since early December, thus maintaining higher lows\u2026 Strong lower wick suggest bulls are very much are present from 3470 region\u2026 Previous support on RSI candle now acting as resistance&#8230; Sig breakout before 1st feb,\u201d she explained.<\/p><\/blockquote>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$BTC<\/a> <\/p>\n<p>Broke down support and bounced of a support that has held well since early December, thus maintaining higher lows<br \/>Strong lower wick suggest bulls are very much are present from 3470 region <br \/>Previous support on RSI candle now acting as resistance<br \/>Sig breakout before 1st feb <a href=\"https:\/\/t.co\/AT1ZMufDWZ\" rel=\"nofollow\">pic.twitter.com\/AT1ZMufDWZ<\/a><\/p>\n<p>&mdash; The Cryptomist (@Thecryptomist) <a href=\"https:\/\/twitter.com\/Thecryptomist\/status\/20083712?ref_src=twsrc%5Etfw\" rel=\"nofollow\">January 27, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Although this sentiment is cautiously <a href=\"https:\/\/wncen.com\/2019\/01\/19\/bitcoin-after-breaking-above-3700-it-could-soon-surge-towards-4100-says-analyst\/\">bullish<\/a>, DonAlt, another popular cryptocurrency analyst, shared a more bearish sentiment in a recent tweet, noting that he believes a break below $3,000 appears to be more likely than a break above $4,000.<\/p>\n<blockquote><p>\u201cA break of 3k seems more likely to me than a break of 4k currently. I don&#8217;t like altcoin pumps while BTC is sluggish. Hope I&#8217;m wrong,\u201d he explained, referencing some small cap altcoins that have seen some decent price gains over the past few days.<\/p><\/blockquote>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">A break of 3k seems more likely to me than a break of 4k currently.<br \/>I don&#39;t like altcoin pumps while BTC is sluggish.<br \/>Hope I&#39;m wrong.<\/p>\n<p>&mdash; DonAlt (@CryptoDonAlt) <a href=\"https:\/\/twitter.com\/CryptoDonAlt\/status\/30572032?ref_src=twsrc%5Etfw\" rel=\"nofollow\">January 26, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2><strong>Altcoins See Increased Volatility<\/strong><\/h2>\n<p>Although Bitcoin has been able to hold steady around $3,600, most altcoins have dropped today as the crypto markets experience some typical Sunday volatility.<\/p>\n<figure id=\"attachment_368925\" aria-describedby=\"caption-attachment-368925\" style=\"width: 600px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-368925 size-medium\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/01\/shutterstock_687427123-2.jpg?resize=600%2C400\" alt=\"\" width=\"600\" height=\"400\"><figcaption id=\"caption-attachment-368925\" class=\"wp-caption-text\">Most major cryptocurrencies have dropped today, despite Bitcoin&#8217;s current stability.<\/figcaption><\/figure>\n<p>At the time of writing, <a href=\"https:\/\/wncen.com\/2019\/01\/15\/ethereum-eth-price-plunges-as-constantinople-fork-is-delayed-due-to-security-flaw\/\">Ethereum<\/a> is trading down 1.7% at its current price of $115. Ethereum, like most major altcoins, has been closely tracking Bitcoin\u2019s price action, and fell to lows of $113 earlier today before bouncing to its current price levels.<\/p>\n<p>XRP has also dropped today and is trading down nearly 2% at its current price of $0.31. XRP has failed to experience any significant rally since it dropped earlier today, leaving it right above its weekly lows of just over $0.30.<\/p>\n<pre>Featured images from Shutterstock.<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>Following a quiet Saturday where the cryptocurrency markets saw relative levels of stability, the volatility has increased on Sunday, with Bitcoin (BTC) holding stable as most major altcoins drop slightly. Earlier today, Bitcoin dropped towards $3,550 before quickly bouncing, which adds further support for the notion that BTC has a significant amount of buying support at this price level. Bitcoin (BTC) Holds Steady Around $3,600 At the time of writing, Bitcoin is trading down nominally at its current price of $3,590. Over the past week, Bitcoin has been caught in a trading range between $3,550 and $3,650, and it has been unable to decisively break above or below either price level. Earlier this morning, Bitcoin was pushed down to $3,550, the bottom of the aforementioned trading range, but was quickly propelled higher by the cryptocurrency\u2019s bulls. The Cryptomist, a popular cryptocurrency trader on Twitter, spoke about BTC\u2019s price action earlier today, importantly noting that Bitcoin has been able to maintain higher lows since early-December. \u201c$BTC\u2026 Broke down support and bounced of a support that has held well since early December, thus maintaining higher lows\u2026 Strong lower wick suggest bulls are very much are present from 3470 region\u2026 Previous support on RSI candle now acting as resistance&#8230; Sig breakout before 1st feb,\u201d she explained. $BTC Broke down support and bounced of a support that has held well since early December, thus maintaining higher lowsStrong lower wick suggest bulls are very much are present from 3470 region Previous support on RSI candle now acting as resistanceSig breakout before 1st feb pic.twitter.com\/AT1ZMufDWZ &mdash; The Cryptomist (@Thecryptomist) January 27, 2019 Although this sentiment is cautiously bullish, DonAlt, another popular cryptocurrency analyst, shared a more bearish sentiment in a recent tweet, noting that he believes a break below $3,000 appears to be more likely than a break above $4,000. \u201cA break of 3k seems more likely to me than a break of 4k currently. I don&#8217;t like altcoin pumps while BTC is sluggish. Hope I&#8217;m wrong,\u201d he explained, referencing some small cap altcoins that have seen some decent price gains over the past few days. A break of 3k seems more likely to me than a break of 4k currently.I don&#39;t like altcoin pumps while BTC is sluggish.Hope I&#39;m wrong. &mdash; DonAlt (@CryptoDonAlt) January 26, 2019 Altcoins See Increased Volatility Although Bitcoin has been able to hold steady around $3,600, most altcoins have dropped today as the crypto markets experience some typical Sunday volatility. At the time of writing, Ethereum is trading down 1.7% at its current price of $115. Ethereum, like most major altcoins, has been closely tracking Bitcoin\u2019s price action, and fell to lows of $113 earlier today before bouncing to its current price levels. XRP has also dropped today and is trading down nearly 2% at its current price of $0.31. XRP has failed to experience any significant rally since it dropped earlier today, leaving it right above its weekly lows of just over $0.30. Featured images from Shutterstock.<\/p>\n","protected":false},"author":499,"featured_media":369415,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651,3,13625],"tags":[428,6664,1946,4531],"class_list":["post-369412","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-news","category-ethereum","tag-bitcoin","tag-crypto","tag-ethereum","tag-xrp"],"acf":[],"yoast_head":"\n<title>Bitcoin (BTC) Holds Steady Around $3,600 as Altcoins Drift Downwards<\/title>\n<meta name=\"description\" content=\"Following a quiet Saturday, the market&#039;s volatility has increased today, with Bitcoin (BTC) holding stable as most major altcoins drop slightly.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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