January 22, 2021

Analysis of prices for Bitcoin, Ethereum, Ripple for 01/12/2021

Analysis of prices for Bitcoin, Ethereum, Ripple for 01/12/2021

Sales volumes started to decline last night and the market stopped its dynamic decline.

BTC / USDAnalysis of prices for Bitcoin, Ethereum, Ripple for 01/12/2021

Yesterday weak support at 32600 seemed in the morning.00 USD will be able to stop the decline in the BTC price, but in the afternoon the sellers pushed through this support level, and the pair continued to fall to the psychological level of 30,000.00 USD.

In the evening, a local minimum was set at the point of 30260.00 USD, and before the end of the day the sales volumes decreased, and the price was able to bounce back to the support area of ​​32600.00 USD.

Buyers tried to continue recovering to the average price area tonight, but until the morning the pair was unable to test the hourly EMA55, which passes at 36,000.00 USD.

We believe that today attempts to return the price highermoving average EMA55 will resume, and if buyers are able to overcome this resistance, then the pair may consolidate at the level of average prices in sideways consolidation.

ETH / USDAnalysis of prices for Bitcoin, Ethereum, Ripple for 01/12/2021

Yesterday psychological milestone 1000.00 USD was unable to stop the drop in the ether price, and during the day the decline continued to the daily low at 911.00 USD. When the bearish pressure stopped, the price bounced above the $ 1,000 mark and is trying to find support in the 1050.00 USD area until this morning.

If buyers can stay inin the region of average prices, a further fall can be avoided. If you fail to break above the hourly EMA55, then the rollback will continue below the support of 890.00 USD.

XRP / USDAnalysis of prices for Bitcoin, Ethereum, Ripple for 01/12/2021

Yesterday, support around 0.260 USD stopped the Ripple price decline and the pair recovered above the lower border of the 0.280 USD side channel.

Buyers have not yet been able to overcome the two-hourEMA55, but if sales decrease today, then the price will test the upper border of the 0.310 USD corridor and will consolidate in this sideways range for a short time.

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

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