Latest Situation in Bitcoin and Cryptocurrencies! - 8 January

What is the latest situation in Bitcoin and popular altcoins? When will the stagnation in the market end? When will the price end its horizontal movement? Here are Bitcoin (BTC), Ethereum (ETH) and popular altcoin prices!

Bitcoin (BTC) continues to maintain its current range structure with an upper resistance level of $44,700 and a lower support level of $40,200. The market was in a horizontal trend before the ETF announcements and due to the weekend. In order for the market to continue rising, we need to see closures above the $ 44,700 level. The fact that there are liquidities left open in the lower region of the Range indicates that the price may want to target lower support. The increase in Bitcoin dominance seems to be the main reason for the retreat seen in altcoins.

• Bitcoin (BTC): The BTC/USDT pair has lost 1.05% in the last 24 hours and is currently trading at $43,537. Resistance levels for BTC are first $ 44,700 and then $ 45,880. Support levels are $ 42,400 and $ 40,200 below this region.

• Ethereum (ETH): The ETH/USDT pair has lost 2.30% in the last 24 hours and is currently trading at $2.194. The first resistance level for ETH is $2,295, then $2,400. Support levels are first the $2,145-$2,115 region, then the $2,030 level.

• Arbitrum (ARB): The ARB/USDT pair has lost 8.96% in the last 24 hours and is currently trading at $1.6418. Resistance levels for ARB are first the $1.645 - $1.67 zone, then the $2.09 - $2.12 zone. Support zones are $1.42 - $1.44 and then $1.231 - $1.28.

• Dogecoin (DOGE): The DOGE/USDT pair has lost 4.40% in the last 24 hours and is currently trading at $0.07755. Resistance levels for DOGE are first at $0.08640 - $0.08850, then at $0.1048 - $0.1065. Support levels are $0.06800 - $0.07130, then $0.05700 - $0.05780.