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Analysis of prices for BTC, ETH, XRP (14.01.21)

BTC / USD

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

Buyers achieved a re-test of USD 38000.00 resistance tonight, which halted 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 resistance area of ​​USD 40,000.00.

ETH / USD

Yesterday, the Ether traded at medium volumes and 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 tested the resistance of 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 / USD

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

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