Bitcoin and altcoin overview (January 23-24)
2025-01-23
Category: None

Yesterday, Bitcoin continued its weak decline. Looking at Bitcoin on the daily chart, we missed a mirror volume zone of $105,000-$102,700, at the lower boundary of which we are currently located.

At the moment, it's natural to expect a resumption of buying. Otherwise, if this buyer's zone is passed without defense, the priority will shift from sideways movement within 2 zones to a local downward trend.

 Selling zones:  $107,000-$109,000 (volume anomalies).

 Buying zones:  $105,000-$102,700 (mirror volume zone), $102,000-$99,600 (volume zone), $97,400-$96,300 (volume zone), $92,400-94,300 (volume anomalies), $90,600-$86,300 (accumulated volumes).

 Interesting altcoins 

For  VANA  coin, trading volumes increased after a prolonged decline.
We're waiting for consolidation above $12 and will enter a long position upon testing and reaction from the volume zone $11.2-$10.
