- If BTC holds the support at $41,571, the price could push toward $43,000.
- ETH could drop below $2,484 as it slid below the 20 EMA.
- LINK’s price increased by 9.53% and could jump as high as $17.50.
The broader crypto market correction seems to have provided an opportunity to buy some cryptocurrencies at a discount with some whales taking advantage of it. For instance, data from Arkham Intelligence showed that a whale bought 700 Bitcoin (BTC) and withdrew it from Binance.
Coin Edition found that the average buying price of the Bitcoin was $41,948. However, Bitcoin’s price had dropped from that to $41,649 at press time.
BTC Aims to Flip $42,640
From the technical point of view, the 4-hour chart showed that BTC could potentially revive toward $42,000.
This was because of the indications shown by the RSI. Previously, the RSI had dropped to 32.09 on January 18. However, the reading was 44.56 at press time, suggesting that some major buy orders had come in.
If Bitcoin holds the support at $41,571 and buying pressure increases, th…
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