- Daily Chart: Bitcoin Price Stabilizes Amid Increasing Pressure on Weak Derivatives: Despite withdrawals from spot ETF funds, Bitcoin price remains stable above the support level at $89,000. The Relative Strength Index (RSI) has risen to 43 on the daily chart, indicating a slowdown in bearish momentum. A close above the direct downtrend resistance level, as shown on the same chart, could extend Bitcoin’s recovery above $90,000. However, traders should temper their expectations as the Moving Average Convergence Divergence (MACD) shows a bearish crossover, with the MACD line below the signal line, indicating that the overall least resistance path is downward. Daily chart of the BTC/USDT pair The derivatives market remains a negative factor for Bitcoin, with open futures contracts decreasing to around $60 billion on Wednesday, down from $61 billion on Monday, and further to $66 billion on January 15. Further declines could lead to reduced interest and confidence in Bitcoin, especially among retail traders, making prices more susceptible to volatility. Open interest in Bitcoin futures contracts | Source: Coin Glass.#GrowthPointsDrawRound16

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USA has SOLANA\n\nChina has BNB\n\nJapan has BITCOIN\n\nIndia has?