November 27, 2022

Analysis of prices for Bitcoin, Ethereum, Ripple for 01.01.2021

Analysis of prices for Bitcoin, Ethereum, Ripple for 01.01.2021

Yesterday, the 2020 high stood at USD 29,300.00. However, on the first day of the new year, the bull run continued and Bitcoin has updated its all-time high.

BTC / USDAnalysis of prices for Bitcoin, Ethereum, Ripple for 01.01.2021

On the last day of the outgoing year, the price of Bitcoin in a pullback tested the level of 28000.00 USD, and on New Year's Eve the bull run continued and the pair renewed its maximum around the level of 29544.00 USD.

As you can see, the bulls could not test in 2020the psychological boundary is 30,000.00 USD, but the rally continues. Perhaps this peak will conquer buyers on the first day of the new year, but if sellers today roll back the pair to the area of ​​average prices, then a maximum above thirty thousand can be expected only by the end of this week.

ETH / USDAnalysis of prices for Bitcoin, Ethereum, Ripple for 01.01.2021

Yesterday, in the first half of the day, buyers failed to increase volumes, and the Ethereum price was unable to break through the powerful resistance of the upper border of the ascending green channel.

During the day, the pair rolled back to the support area of ​​720.00 USD, and on the first day of 2021, buyers are trying to restore the price to the zone of the recent high. The trades are rather sluggish so far.

Most likely, the price of ether will remain atwithin the green channel and will not be able to overcome the resistance of the uptrend line. However, if strong pressure from the bears does not resume, then the bulls have a chance to break through to the 800.00 USD area until the end of the week.

XRP / USDAnalysis of prices for Bitcoin, Ethereum, Ripple for 01.01.2021

On the last day of the outgoing year, the Ripple price consolidated above the 0.213 USD support in a narrow sideways consolidation.

Shoppers tried this morningbounced back to the average price area, and the pair tested the 2-hour moving average EMA55. If buyers are able to maintain positive dynamics, then by the end of the week the price may consolidate in the range of $ 0.280 - $ 0.310.

* All price values ​​are based on data from the BitStamp exchange

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