BTC, ETH, XRP price analysis (21.01.22)

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BTC/USD

Yesterday morning, buyers, using the support of the POC line (41700.93 USD), were able to restore the price of bitcoin above 50% fibo (42447.61 USD). The growth was not supported by large volumes, however, in the evening, the price of BTC set a daily maximum in the area of ​​43518.00 USD.

The false bullish breakout ended in a precipitous decline in the market. At the end of the day, the price broke through the psychological support of 40000.00 USD, and this morning we got a five-month low at 38220.00 USD.

At the moment, the decline has slowed down, but has not yet ended. In the near future, some recovery of the pair is possible, but soon the decline will continue. We believe that the target mark of the bears is the support level of 38.2% fibo (37149.97 USD).

ETH / USD

Yesterday, the bullish momentum broke through the 3200.00 USD support and the Ethereum price tested the POC line (3250.52 USD). After a daily high at 3270.00 USD, a sharp decline began.

The bearish momentum was so strong that it broke through the psychological support of 3000.00 USD and marked the January low at 2806.70 USD. Now the fall has stopped and some recovery is possible in the morning. But in the near future we should expect a continuation of the decline to the area of ​​2730.00 USD.

XRP/USD

Yesterday in the morning, the XRP/USD pair recovered above the average price level and reached a daily high at 0.760 USD.

In the evening, the market collapsed, and by the end of the day, the price of Ripple broke through the orange support of 0.700 USD. As of this morning, a minimum is marked at 0.686 USD. We believe that today the bears can push the pair even lower, to the area of ​​0.650 USD.

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

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