January 23, 2021

Analysis of prices for Bitcoin, Ethereum, Ripple for 01/07/2021

Analysis of prices for Bitcoin, Ethereum, Ripple for 01/07/2021

Tonight, the BTC price continued to rise and the pair approached the 38,000.00 USD mark.

BTC / USDAnalysis of prices for Bitcoin, Ethereum, Ripple for 01/07/2021

Yesterday morning, overheated market, the bulls tried to resume the growth of the BTC price and immediately renewed the absolute maximum around 35900.00 USD.

The bears responded with a wave of sales thatdrove the price down to support 34000.00 USD, however, it was not possible to extinguish the bullish price dynamics and the growth continued. Before the end of the day, the pair broke through the level of 36000.00 USD, and over the past Christmas night, it came close to the level of 38000.00 USD.

Dynamic growth for this morninghas stopped, and today some correction awaits us. If it is within the hourly EMA55, it means that in the near future, the bulls intend to continue running into the area of ​​40,000.00 USD.

ETH / USDAnalysis of prices for Bitcoin, Ethereum, Ripple for 01/07/2021

Yesterday, the Ethereum price supported the dynamic growth of the cryptocurrency flagship and continued to rise. Towards evening, the pair renewed its January maximum and tested the resistance of 1200.00 USD for strength.

At night, buyers pierced this powerful resistance, but the volume of purchases decreased significantly and sellers have so far managed to restrain the dynamic growth of the ether price.

This morning the bears will try to push the pair back below 1200.00 USD, while buyers will look for support around the hourly moving average EMA55.

XRP / USDAnalysis of prices for Bitcoin, Ethereum, Ripple for 01/07/2021

Yesterday Ripple price held in the areatwo-hour EMA55. In the second half of the day, buyers managed to form a strong bullish impulse and the price pierced the 0.280 USD level. After a slight pullback, the growth continued and tonight the pair tested the resistance of 0.310 USD.

If today buyers manage to gain a foothold in the side channel with support at the level of 0.280 USD, then by the end of the week growth may resume to the area of ​​0.400 USD.

If the bears press and roll back the pair below the 0.260 USD mark, then the XRP price will return to the area of ​​the POC line (0.228 USD).

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

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