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  • Writer's pictureShivkumar

23rd Jan - Crypto Technical & Market Watch

(By Shivkumar)



Bitcoin is stuck between the $ 8325 and the $ 9000. only after the bulls push the price above the $ 9000 and $9,200 resistance zone. Above this zone, the rally can extend to $10,360.89, which is likely to act as a resistance. If the bears sink the price below the $ 8325, the BTC/USD pair can drop to the breakout level of $7,856.76.if these price breaks watch out for is $7,000. Traders can hold their buy positions with stops at $7,600.


ETH it seems bulls are in command. A breakout of $173.841 will challenge the $ 179 at $180. If this level is scaled, a move to $197.75 will be on the cards. Bearish if falls below $173.841 level aggressively, the ETH/USD pair might drop to $157.50 . Negative on a break below the $157.50 to $151.829 support zone. Traders can protect their buy positions with stops placed at $150.


Below $ 0.22 drop can extend to $0.20041. Traders can stop loss on the buy position is at $0.1995, we might also suggest price earlier if the price falls. Bullish price above $0.24, a move to $ 0.26 is possible. A breakout of the $ ).26 can carry the XRP/USD pair to $0.31503.


Bullish above the price $360, a rally to $403.88 is possible. Above this level, the up move can extend to $480. Traders wait for the price to be above $360 before suggesting buy position once again. Bearish below $360, pair might dip to $306.78.The pair will turn negative on a break below the $ 298.

Disclosure: The author holds no cryptocurrency at the time of writing.

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