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Bitcoin exchange rate: analysis of market news, January 24, 2019

From January 20 to the price of the largest cryptocurrencies konsolidiruyutsya in a narrow price range of $3620-3550. As of 16:00 GMT on 24 January, the bitcoin market was estimated at $63,0 billion with the weighted average price per coin BTC – $3600.

According to CoinMarketCap for four days, the value of the amounts of capitalization of the Bitcoin market is also held within a narrow range, from $62.0 billion to 63.3 billion, indicating a lack of new investment in the market.

Статистика CoinMarketCap
Statistics CoinMarketCap

With surprising restraint, the market reacted to the news of the withdrawal of the application for registration CBOE bitcoin ETF. Experts estimate a neutral market reaction to negative news, as a signal that the bears are exhausted and in the near future possible bullish breakout above the psychological price level of $4,000.

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