Tidebit Exchange Info, Markets & Trading Volume.

Unlike the correction in the past, the correction this time did not result in an extreme fear atmosphere in the crypto market, suggesting that the community is confident with #Bitcoin now.

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#Crypto daily: $BTC goes back to the descending range after reaching HK$290,000 on 30 January when the founder of Tesla Elon Musk updated his Twitter status into “#Bitcoin”. Though BTC consolidates, DeFi coins continue to rise, suggesting that traders are keeping an eye on DeFi.

#Crypto daily: #Bitcoin went high in the previous hour but failed to break HK$272,200, i.e around US$35,000, suggesting that the resistance has come to HK$272,000. Besides, It dropped 9% and kept moving sideways, as observed in the one hour time frame.

#Crypto daily: #Bitcoin has consolidated between HK$240,000 and HK$260,000 since Saturday. It’s now trading at HK$258,990, as of press time. Besides, in the one hour time frame, the RSI rebound to near 70, suggesting that the bull could push the price of $BTC higher.

#Crypto daily: #Bitcoin is experiencing a correction. The bear pulled the price below HK$232,500 and nudged HK$$218,000. As long as $BTC rebounds above US$30,000, the bull run could continue. As of press time, #BTC is trading at HK$243,815.