January 28, 2021

Analysis of prices for Bitcoin, Ethereum, Ripple for 01/14/2021

Analysis of prices for Bitcoin, Ethereum, Ripple for 01/14/2021

Today, the recovery dynamics of the market may continue to the nearest resistance levels.

BTC / USDAnalysis of prices for Bitcoin, Ethereum, Ripple for 01/14/2021

Yesterday morning, buyers recovered the BTC price atthe area of ​​the hourly EMA55 and this moving average kept the recovery dynamics of the pair in a narrow sideways range until the evening. At the end of the day, the bulls managed to break through the resistance of the average price level and continue to rise above 36,000.00 USD.

Buyers got re-tested tonightresistance 38000.00 USD, which suspended the dynamic recovery of the pair. In the morning, a slight pullback to the 36000.00 USD area is expected, but if this level acts as a support, the bulls will be able to continue recovering to the USD 40,000.00 resistance area.

ETH / USDAnalysis of prices for Bitcoin, Ethereum, Ripple for 01/14/2021

Yesterday trading on ether was mediumand the pair could not overcome the resistance of the hourly moving average EMA55 until the evening, moving sideways. Late in the evening, the bullish momentum of the cryptocurrency flagship pushed the prices of liquid altcoins above the average price level.

Over the past night, the ETH / USD pair testedresistance at 1150.00 USD and rolled back slightly in the morning. We believe that today the EMA55 will keep the price from a deep pullback, and the recovery will continue to the 1200.00 USD mark.

XRP / USDAnalysis of prices for Bitcoin, Ethereum, Ripple for 01/14/2021

XRP price consolidated sideways yesterdaycorridor $ 0.280 - $ 0.310. After retesting the upper border of the channel, the pair returned to the support of 0.280 USD. Trading volumes for Ripple are gradually decreasing, and today the movement in the indicated sideways direction will continue.

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

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