1st Jan 2020 - Crypto Technicals & Market Watch
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Bitcoin is range-bound between $7,856.76 and $7,000. Breakout of $7,856.76 will be a bullish sign and first target is a move to $10,360.89, the next level to watch out for is $12,000. If it fails to stay above $7,000, a drop to $6,435 and range between $6,435 to $7,856.76 .Buying opportunity at $7,856.76 and traders can follow our past analysis.Below $ 6,435 the bears will take control.
Bulls are attempting to keep ETH above $131.84 and first target objective of such a move is $164. A break and close above $ 132 traders can buy with a stop loss below $122. Below $ 132 a retest of the recent low at $117.09 is possible.
XRP are $0.18339 to $0.20041 range. Above the range, a move to $0.2326 is possible.Traders can follow our past analysis. The pair will be bearish below $0.18339. Such a move will drag the price to $0.17468.
BCH will be range-bound action for a few days. Above the $ 212, a rally to $227.01 is possible. Traders can book partial profits if the price struggles to rise above it. Traders can keep the stop loss on the long trade at $181.
Disclosure: The author holds no cryptocurrency at the time of writing.
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