Elon Musk, Bitcoin and the Reddit raiders: 6 things to watch for BTC price this week

Cointelegraph

Published Feb 01, 2021 04:00AM ET

Updated Feb 02, 2021 04:40AM ET

Bitcoin (BTC) starts a new week with $30,000 intact and a message of support from the world’s richest man — what can we expect next?

As trading resumes around the world, the largest cryptocurrency is still lacking decisive momentum up or down.

BTC rolling 90-day returns correlation vs. USD, VIX, Gold, S&P500. Source: Digital Assets Data
Silver/USD 1-week candle chart. Source: TradingView
Bitcoin exchange outflows chart. Source: CryptoQuant
XRP/USD 1-hour candle chart (Bitstamp). Source: TradingView
DOGE/USD 1-day candle chart (Bittrex). Source: TradingView
BTC/USD 1-day candle chart (Bitstamp). Source: TradingView
BTC/USD orderbook support and resistance. Source: Material Indicators/ Twitter

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