Tidebit Exchange Info, Markets & Trading Volume.

#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.

#Crypto daily: #Bitcoin failed to break through it and dropped below the symmetrical triangle pattern. At the same time, RSI shows that the bear takes control over #BTC, which there's insufficient stimulus to push the price up. It’s trading at HK$265,200, as of publication.