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Bitcoin rate: market news analysis, January 31, 2019

SWIFT partnership news with R3 had only a brief impact on the bitcoin market. At the nearest key level of $ 3450, bitcoin bulls ran into strong sales resistance.

After a short protraction of the instrument at the designated level, speculators began to record profits on short-term long positions, which led to a rollback of prices to a five-day support level of $ 3,400.

CoinMarketCap statistics
CoinMarketCap statistics

According to CoinMarketCap, as of 16:00 Moscow time, on January 31, the Bitcoin market was estimated at $ 60.6 billion, losing more than $ 0.7 billion in the last six hours. The growth of average daily trading volume for Bitcoin from $ 5.8 billion to $ 6.2 billion, amid a decline in coin quotes, indicates an increase in bearish trends in the short term.

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