March 28, 2024

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 29300.00 USD. However, on the first day of the new year, the bull run continued andBitcoin has updated its absolute maximum.

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

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

As we see, the bulls were unable to test in 2020the psychological threshold is 30000.00 USD, but the rally continues. Perhaps this peak will be conquered by buyers on the first day of the new year, but if sellers today roll the pair back to the area of ​​average prices, then a maximum above thirty thousand can only be counted on 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 price of Ethereum was unable to break through the powerful resistance of the upper boundary of the ascending green channel. 

During the day, the pair pulled 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 recent high. Trading is still rather sluggish. 

Most likely, the price of ether today will remain atwithin the green corridor and will not be able to overcome the resistance of the ascending trend line. However, if strong pressure from the bears does not resume, then the bulls have a chance to break into the 800.00 USD area by 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 price of Ripple consolidated above the support of 0.213 USD in a narrow sideways consolidation. 

Buyers made an attempt this morningrecover to the average price area, and the pair tested the two-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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