March 4, 2021

Analysis of prices for Bitcoin, Ethereum, Ripple for 01/23/2021

Analysis of prices for Bitcoin, Ethereum, Ripple for 01/23/2021

After a dynamic fall, the Bitcoin price recovered to the mid-range. Will buyers be able to continue recovery?

BTC / USDAnalysis of prices for Bitcoin, Ethereum, Ripple for 01/23/2021

Sales fell yesterday morning and the pressurefrom the side of the bears weakened. Medium-volume buyers began to recover the BTC price, so that in the afternoon the pair reached the resistance of 32600.00 USD.

Having trampled on this line, buyers were able tocontinue to grow at shrinking volumes. Until the end of the day, the price set a local maximum around the mark of 33 865.00 USD. At night, the volume of purchases continued to fall and the price returned to the level of 32600.00 USD.

If the 32600.00 USD boundary limits the rollback, then by the end of the week the recovery may reach the level of 36000.00 USD.

If bears resume pressure today, the pair will test the support of 28000.00 USD on the weekend.

ETH / USDAnalysis of prices for Bitcoin, Ethereum, Ripple for 01/23/2021

Despite the pessimistic forecasts, on FridayEthereum price managed to recover to the resistance of 1250.00 USD. The recovery took place on the basis of declining volumes, so the growth stopped in the area of ​​average prices.

If today the moving average EMA55 keeps the ether price from falling, then by the end of the week the continuation of the recovery to the resistance of 1350.00 USD is possible.

If, at the level of average prices, the bears intensify the onslaught, the pair will roll back to the psychological level of 1000.00 USD.

XRP / USDAnalysis of prices for Bitcoin, Ethereum, Ripple for 01/23/2021

Yesterday in the morning, around the 0 mark.260 USD, there was a spike in volumes, which contributed to a further recovery in the XRP price to the sideways channel of $ 0.280 - $ 0.310. The pair pierced the lower border of the corridor tonight, but it has not yet been able to gain a foothold within the sideways range.

Shoppers will keep trying this weekendrestore the pair above the level of average prices. If they overcome the resistance of the two-hour EMA55, then the recovery will continue to the upper border of the sideways channel of 0.310 USD. Otherwise, a bear attack will lead to a fall in the price below the POC line (0.229 USD).

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

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