Today's BTC Spike is seeing a 15-20 percent drop in the price of many coins. It saw exponential rains, while the BTC market grew in sideways. This past week, a bunch of tokens worth $ 5 USD, like its wave, have been under stellar and other currencies.
The Big BTC Rebound Back to $16K
This BTC / USD market value has increased significantly because it is found at the lower level of $ 11,600 in the global markets, with the average price of 16,500 dollars per ounce per BTC on January 05. Coming this weekend and things look more optimistic for Bitcoin markets than last two holiday weekends.
Technical Indicators
At its Press Bar, BTC is priced at $ 16,400 per EDT at 3 a.m.
Source - https://news.bitcoin.com/markets-update-bitcoins-price-re-captures-the-16k-territory/