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

Published 02/01/2021, 04:00 AM
Updated 02/02/2021, 04:40 AM
Elon Musk, Bitcoin and the Reddit raiders: 6 things to watch for BTC price this week
VIX
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BTC/USD
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DOGE/USD
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BTC/USD
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XRP/USD
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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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