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

After a dynamic fall, the Bitcoin price has recovered to the area of ​​average prices. Will buyers be able to continue?recovery?

BTC / USD

Yesterday morning sales volumes fell and pressureon the part of the bears has weakened. Buyers on medium volumes began to restore the price of BTC, so that already in the second half of the day the pair reached the resistance of 32600.00 USD. 

Having trampled on this line, buyers were ablecontinue growth on declining volumes. By the end of the day, the price set a local maximum in the area of ​​33,865.00 USD. At night, purchase volumes continued to fall and the price again returned to the level of 32600.00 USD. 

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

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

ETH / USD

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

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

If at the level of average prices the bears increase their pressure, the pair will roll back to the psychological level of 1000.00 USD. 

XRP / USD

Yesterday in the first half of the day, around mark 0.260 USD, there was a surge in volumes, which contributed to the further recovery of the XRP price into the sideways corridor of $0.280 – $0.310. Tonight the pair pierced the lower border of the corridor, but it is not yet possible to gain a foothold within the side range. 

Shoppers will continue to try this weekend.restore the pair above the average price level. If they overcome the resistance of the two-hour EMA55, then the recovery will continue to the upper border of the sideways corridor at 0.310 USD. Otherwise – a bearish attack will cause the price to fall below the POC line (0.229 USD). 

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

Subscribe to ForkNews on Telegram