• Latest
  • Trending
  • All
  • Litecoin
  • Ethereum
  • Market
Crypto Price Analysis January 22: BTC, ETH, BSV, BCH, LTC

Crypto Price Analysis January 22: BTC, ETH, BSV, BCH, LTC

January 22, 2020
White House office seeks public opinion on crypto-climate implications

White House office seeks public opinion on crypto-climate implications

March 26, 2022
Love it or hate it, crypto’s vibe shift is now imminent

Love it or hate it, crypto’s vibe shift is now imminent

March 26, 2022
Save on your hotel - hotelscombined.com
ADVERTISEMENT
BTC, ETH Begin Weekend Close to Key Resistance Levels – Market Updates Bitcoin News

BTC, ETH Begin Weekend Close to Key Resistance Levels – Market Updates Bitcoin News

March 26, 2022
Cryptocurrency Adoption to Grow Significantly This Year in Latam – Bitcoin News

Cryptocurrency Adoption to Grow Significantly This Year in Latam – Bitcoin News

March 26, 2022
Crypto Market Cap Reclaims $2 Trillion as Bitcoin Touched $45K (Weekend Watch)

Crypto Market Cap Reclaims $2 Trillion as Bitcoin Touched $45K (Weekend Watch)

March 26, 2022
3 Metrics to Analyze GameFi Projects

3 Metrics to Analyze GameFi Projects

March 26, 2022
PUBG Developer Krafton Partners With Solana Labs to Build Blockchain Games and Services – Bitcoin News

PUBG Developer Krafton Partners With Solana Labs to Build Blockchain Games and Services – Bitcoin News

March 26, 2022
Coinbase to track off-platform crypto transfers in Canada, Singapore, Japan

Coinbase to track off-platform crypto transfers in Canada, Singapore, Japan

March 26, 2022
Nevada Man Pleads Guilty In $722 Million Bogus Crypto Investment

Nevada Man Pleads Guilty In $722 Million Bogus Crypto Investment

March 26, 2022
Luxury Italian Retailer Michele Franzese Moda Reveals Fashion Brand Accepts Crypto Payments – Bitcoin News

Luxury Italian Retailer Michele Franzese Moda Reveals Fashion Brand Accepts Crypto Payments – Bitcoin News

March 26, 2022
Decentralization, DAOs and the current Web3 concerns

Decentralization, DAOs and the current Web3 concerns

March 26, 2022
Behind the bipartisan crypto bill that’s coming to Congress

Behind the bipartisan crypto bill that’s coming to Congress

March 26, 2022
  • About Us
  • Privacy Policy
  • Newsletter
  • Contact Us
Friday, August 12, 2022
Crypto Top News
Save on your hotel - hotelscombined.com
  • Home
  • Altcoin
    Bitcoin at $44.9k as ETFs touch new highs, altcoins continue green rampage

    Bitcoin at $44.9k as ETFs touch new highs, altcoins continue green rampage

    5 “next bitcoins” that weren’t

    5 “next bitcoins” that weren’t

    Where Does Bitcoin Stand With Depleting Dollar Dominance

    Where Does Bitcoin Stand With Depleting Dollar Dominance

    Crypto Corner: The Sports Slice

    Crypto Corner: The Sports Slice

    Polygon (MATIC) suffers network outage sparking a wave of angry users

    Polygon (MATIC) suffers network outage sparking a wave of angry users

    Goldman Sachs Will Now Offer Its Clients Ethereum Funds Via Galaxy Digital

    Goldman Sachs Will Now Offer Its Clients Ethereum Funds Via Galaxy Digital

    Kava adds EVM support to the network with Ethereum co-chain alpha launch

    Kava adds EVM support to the network with Ethereum co-chain alpha launch

    Crypto Corner: The Sports Slice

    Crypto Corner: The Sports Slice

    Fantom Foundation Responds To Andre Conje’s Departure

    Fantom Foundation Responds To Andre Conje’s Departure

    Total amount of Luna tokens staked down 62% from ATH even amid massive price rally

    Total amount of Luna tokens staked down 62% from ATH even amid massive price rally

  • Bitcoin
    White House office seeks public opinion on crypto-climate implications

    White House office seeks public opinion on crypto-climate implications

    BTC, ETH Begin Weekend Close to Key Resistance Levels – Market Updates Bitcoin News

    BTC, ETH Begin Weekend Close to Key Resistance Levels – Market Updates Bitcoin News

    Cryptocurrency Adoption to Grow Significantly This Year in Latam – Bitcoin News

    Cryptocurrency Adoption to Grow Significantly This Year in Latam – Bitcoin News

    PUBG Developer Krafton Partners With Solana Labs to Build Blockchain Games and Services – Bitcoin News

    PUBG Developer Krafton Partners With Solana Labs to Build Blockchain Games and Services – Bitcoin News

    Nevada Man Pleads Guilty In $722 Million Bogus Crypto Investment

    Nevada Man Pleads Guilty In $722 Million Bogus Crypto Investment

    Luxury Italian Retailer Michele Franzese Moda Reveals Fashion Brand Accepts Crypto Payments – Bitcoin News

    Luxury Italian Retailer Michele Franzese Moda Reveals Fashion Brand Accepts Crypto Payments – Bitcoin News

    APENFT Marketplace Makes NFT Drops in the TRON Ecosystem Accessible – Press release Bitcoin News

    APENFT Marketplace Makes NFT Drops in the TRON Ecosystem Accessible – Press release Bitcoin News

    DOJ Charges Two People in Million-Dollar Scheme to Defraud Investors – Regulation Bitcoin News

    DOJ Charges Two People in Million-Dollar Scheme to Defraud Investors – Regulation Bitcoin News

    After years of doubts and concerns, it is finally Bitcoin’s time to shine

    After years of doubts and concerns, it is finally Bitcoin’s time to shine

  • Cryptocurrency
    • Ethereum
    • Litecoin
  • Blockchain
    Decentralization, DAOs and the current Web3 concerns

    Decentralization, DAOs and the current Web3 concerns

    MIT adds the Bank of England to its stable of CBDC digital currency research partners

    MIT adds the Bank of England to its stable of CBDC digital currency research partners

    Learn about Web3 and how it aims to transform internet services

    Learn about Web3 and how it aims to transform internet services

    European crypto regulatory framework goes to three-way consideration without PoW ban

    European crypto regulatory framework goes to three-way consideration without PoW ban

    Jamaica’s central bank digital currency and the problems it hopes to solve

    Jamaica’s central bank digital currency and the problems it hopes to solve

    LG Electronics adds blockchain and crypto as new areas of business

    LG Electronics adds blockchain and crypto as new areas of business

    Powers On… Biden accepts blockchain technology, recognizes its benefits and pushes for adoption – Cointelegraph Magazine

    Powers On… Biden accepts blockchain technology, recognizes its benefits and pushes for adoption – Cointelegraph Magazine

    IOSCO says DeFi is quickly evolving and ‘cloning financial markets’

    IOSCO says DeFi is quickly evolving and ‘cloning financial markets’

    Stargate Finance attracts $1.9B in six days

    Stargate Finance attracts $1.9B in six days

  • Regulation
    Love it or hate it, crypto’s vibe shift is now imminent

    Love it or hate it, crypto’s vibe shift is now imminent

    Coinbase to track off-platform crypto transfers in Canada, Singapore, Japan

    Coinbase to track off-platform crypto transfers in Canada, Singapore, Japan

    Behind the bipartisan crypto bill that’s coming to Congress

    Behind the bipartisan crypto bill that’s coming to Congress

    US Treasury Secretary Janet Yellen says upcoming crypto regulations will nourish healthy innovation

    US Treasury Secretary Janet Yellen says upcoming crypto regulations will nourish healthy innovation

    Secretary Yellen recognizes ‘benefits of crypto’ despite lingering skepticism

    Secretary Yellen recognizes ‘benefits of crypto’ despite lingering skepticism

    Crypto tax policy framework passes India’s parliament despite pushback from lawmakers

    Crypto tax policy framework passes India’s parliament despite pushback from lawmakers

    US senators Lummis, Gillibrand reveal working on bipartisan crypto legislation

    US senators Lummis, Gillibrand reveal working on bipartisan crypto legislation

    Finally, a proof of work ban is off the table in Europe

    Finally, a proof of work ban is off the table in Europe

    Korean crypto exchanges are now in compliance with the Travel Rule

    Korean crypto exchanges are now in compliance with the Travel Rule

  • Market
    3 Metrics to Analyze GameFi Projects

    3 Metrics to Analyze GameFi Projects

    Coinbase to Label Some Assets as ‘Experimental’ In Bid to Boost Transparency

    Coinbase to Require Recipient Information for Crypto Transfers From Users in Canada, Singapore and Japan

    ‘We Have Entered a Period of Pain,’ Says WazirX CEO of India’s New Tax Laws

    ‘We Have Entered a Period of Pain,’ Says WazirX CEO of India’s New Tax Laws

    White House Wants Public Comments on Crypto’s Energy Use and Environmental Impact

    White House Wants Public Comments on Crypto’s Energy Use and Environmental Impact

    Greener Bitcoin Mining Could Be China’s ‘Trillion-Dollar Present’ to the US

    Greener Bitcoin Mining Could Be China’s ‘Trillion-Dollar Present’ to the US

    Bitcoin Tops $44K Amid Rumors of Terra's LFG Accumulating BTC

    Bitcoin supera los $44.000 entre rumores de compra de BTC por parte de Fundación Terra

    Bitcoin Outperforms as Crypto Bulls Take a Breather

    Bitcoin Outperforms as Crypto Bulls Take a Breather

    4 Reasons Why Bitcoiners Should Pass on El Salvador’s Bitcoin Bond

    4 Reasons Why Bitcoiners Should Pass on El Salvador’s Bitcoin Bond

    Bitcoin Faces Initial Resistance at $46K; Support at $42K

    Bitcoin Faces Initial Resistance at $46K; Support at $42K

  • Prices
  • ICO
  • Travel Websites
No Result
View All Result
Crypto Top News
No Result
View All Result
Home Cryptocurrency

Crypto Price Analysis January 22: BTC, ETH, BSV, BCH, LTC

by Admin
January 22, 2020
in Cryptocurrency
0
Crypto Price Analysis January 22: BTC, ETH, BSV, BCH, LTC


Dmitriy Gurkovskiy, a senior analyst at foreign exchange broker RoboForex, shares his insights into the future scenarios for Bitcoin price movement as well as possible price swings of major altcoins.

Digital asset prices are still making buyers happy. As we can see, bulls continue putting pressure. Even if assets fail to break their respective resistance levels in the short-term, the correction will provide an opportunity to enter the market at lower prices.

Bitcoin chart shows another reversal pattern. If the cryptocurrency falls towards $6875.00, growth potential will remain at $12000.00. Most likely, such movement may be considered as some kind of a pause for bulls before they continue pushing the price upwards.

Other assets are also may continue trading upwards but it’s very important to remember that the price quite often rebounds downwards after testing the resistance level. From the technical analysis points of view, an excellent moment for purchasing can be found when an instrument finishes its correction or breaks the resistance area.

Bitcoin

In the daily chart, Bitcoin is testing the descending channel’s upside border. In order to continue a proper rising movement, bulls must fix the price above $9800.00, thus breaking the above-mentioned channel. Another thing that confirms this “further-growth-scenario” is a breakout of the downtrend line at RSI, which also indicates that the correction is over and the price may resume the bullish trend. However, one shouldn’t exclude a possibility that the instrument may plunge from the current levels and test the support at $6875.00. In this case, the pair may form Inverter Head & Shoulders pattern. That’s why one can expect the price to fall, but then start a new growth with the target at $12965.00. Still, this scenario may no longer be valid if the market breaks the local low and fixes below $5890.00. As a result, $6875.00 may be a conservative area for bears, but bullish pressure may prevent this opportunity.

Photo: Roboforex / TradingView

As we can see in the H4 chart, Bitcoin continues trading upwards; Moving Averages indicate a bullish tendency. The major trading idea implies that the instrument may fall to test the support at $8355.00 and then resume growing. This scenario may be confirmed by a rebound from the rising channel’s downside border and a test of the support line at RSI. As we can see, the indicator already rebounded from this line earlier. However, this scenario may no longer be valid if the pair plummets and breaks $7625.00. after that, the market may continue trading downwards with the target at $6875.00.

Photo: Roboforex / TradingView

728*90
ADVERTISEMENT

Ethereum

In the daily chart, Ethereum is trading between Moving Averages again, which indicates a descending tendency. One can expect the instrument to fall from these levels with the first target at $130.00. Another signal to confirm this possible movement is the price’s rebounding from the descending resistance line and testing the descending channel’s upside border. In order to start a proper rising movement, the pair must break $202.00, thus breaking the above-mentioned channel. So far, the bearish pressure continues.

Photo: Roboforex / TradingView

As we can see in the H4 chart, the pair is forming Head & Shoulders reversal pattern, which indicates its attempt to fall from the current levels towards the support at $138.00. Another thing that confirms this “decline” scenario is a breakout of the uptrend line at Relative Strength Index. The trading idea may also be confirmed by a breakout of $156.00 to indicate that the reversal pattern is completed. However, this scenario may no longer be valid if the price skyrockets and breaks $180.00. In this case, the reversal pattern will be cancelled and the digital asset price will continue trading upwards.

Photo: Roboforex / TradingView

Bitcoin SV

In the daily chart, Bitcoin SV is correcting, but may yet continue trading upwards; the price has fixed above Ichimoku Kinko Hyo cloud, which also indicates an ascending impulse. The closest support area is at $256.00. Later, the pair is expected to test the rising channel’s downside border and then resume growing with the first target at $460.00 However, this scenario may no longer be valid if the instrument falls to break the cloud’s downside border and fixes below $165.00. After that, the asset may continue falling to reach $75.00.

Photo: Roboforex / TradingView

At shorter timeframes, Bitcoin SV is also moving above Ichimoku Kinko Hyo cloud; it may form Inverted Head & Shoulders reversal pattern. The price is expected to fall towards $275.00 and then resume trading upwards with the target at $400.00. To confirm this “growth” scenario, the price must break $340.00, thus indicating that the reversal pattern is finished, however, this scenario may no longer be valid if the instrument falls and fixes below $235.00. In this case, the reversal pattern will be cancelled and the asset price will continue falling towards $165.00.

Photo: Roboforex / TradingView

Bitcoin Cash

In the daily chart, Bitcoin Cash is testing a critical resistance area at $365.00. If the price breaks this level, it may continue growing with the target at $457.00. However, we can see that the resistance line is being tested at RSI, thus indicating a descending correction from the current levels before further growth. The asset is expected to test the descending channel’s upside border at $265.00. However, this scenario may no longer be valid if the instrument falls to break $230.00. After that, the pair may continue trading downwards with the target at $160.00.

Photo: Roboforex / TradingView

At shorter timeframes, Bitcoin Cash is stuck inside Triangle. One shouldn’t exclude a possibility that the price may break the pattern upwards and boost its growth from the current levels. Another test of the support line at RSI confirms the above-mentioned scenario. Still, this scenario may be cancelled if the market falls to break Triangle’s downside border and fixes below $313.00. In this case, the asset is expected to continue trading downwards and test the descending channel’s upside border.

Photo: Roboforex / TradingView

Litecoin

In the daily chart, Litecoin is testing an important resistance level. At RSI, the downtrend line has been broken, now it’s a support level. Considering this, the main scenario implies that the price may fall a little bit to test $55.00 before starting a proper rising movement. A conservative scenario suggests that the asset may form Inverted Head & Shoulders pattern. In this case, the pair may fall to reach $50.00 and then resume growing to complete the pattern. However, this scenario may no longer be valid if the price breaks $42.00. In this case, the reversal pattern will be cancelled and the asset price will continue falling.

Photo: Roboforex / TradingView

As we can see in the H4 chart, Litecoin is trading inside the rising channel; it has rebounded from the support area while testing the downside border of Bollinger Bands. This suggests a bullish pressure. The main scenario implies that the price may continue growing with the first target at $79.00. To confirm this scenario, the asset must break $65.00. However, this scenario may be no longer valid if the instrument breaks $55.00. After that, it may continue falling towards $41.00.

Photo: Roboforex / TradingView

Disclaimer: Any predictions contained herein are based on the authors’ particular opinion. This analysis shall not be treated as trading advice. RoboForex shall not be held liable for the results of the trades arising from relying upon trading recommendations and reviews contained herein.

Dmitriy Gurkovskiy
Author: Dmitriy Gurkovskiy

Dmitriy Gurkovskiy is a senior analyst at RoboForex, an award-winning European online foreign exchange forex broker.

Thank you!

You have successfully joined our subscriber list.



Source link

300*250
ADVERTISEMENT
Admin

Admin

300*250
ADVERTISEMENT
300*250
ADVERTISEMENT
300*250
ADVERTISEMENT
  • Trending
  • Comments
  • Latest
Circle Captures $440 Million in Financing, Rumors of SPAC Deal Follow – Finance Bitcoin News

Circle Captures $440 Million in Financing, Rumors of SPAC Deal Follow – Finance Bitcoin News

May 29, 2021
Grayscale Parent Company to Purchase Ethereum Classic Trust Shares Worth $50 Million

Grayscale Parent Company to Purchase Ethereum Classic Trust Shares Worth $50 Million

June 22, 2021
Spain’s Largest Asset Managers Still Reluctant to Invest in Cryptocurrencies – News Bitcoin News

Spain’s Largest Asset Managers Still Reluctant to Invest in Cryptocurrencies – News Bitcoin News

May 29, 2021
White House office seeks public opinion on crypto-climate implications

White House office seeks public opinion on crypto-climate implications

0
Ethereum Plunges 10% in 48 hours

Ethereum Plunges 10% in 48 hours

0
Public vs Private Blockchain | Ernst & Young’s New Blockchain Prototype

Public vs Private Blockchain | Ernst & Young’s New Blockchain Prototype

0
White House office seeks public opinion on crypto-climate implications

White House office seeks public opinion on crypto-climate implications

March 26, 2022
Love it or hate it, crypto’s vibe shift is now imminent

Love it or hate it, crypto’s vibe shift is now imminent

March 26, 2022
BTC, ETH Begin Weekend Close to Key Resistance Levels – Market Updates Bitcoin News

BTC, ETH Begin Weekend Close to Key Resistance Levels – Market Updates Bitcoin News

March 26, 2022
Crypto Top News

Copyright © 2019 cryptotopnews.com

Navigate Site

  • About Us
  • Privacy Policy
  • Newsletter
  • Contact Us

Follow Us

No Result
View All Result
  • Home
  • Altcoin
  • Bitcoin
  • Cryptocurrency
    • Ethereum
    • Litecoin
  • Blockchain
  • Regulation
  • Market
  • Prices
  • ICO
  • Travel Websites

Copyright © 2019 cryptotopnews.com

  • bitcoinBitcoin (BTC) $ 23,840.00
  • ethereumEthereum (ETH) $ 1,882.25
  • tetherTether (USDT) $ 1.00
  • usd-coinUSD Coin (USDC) $ 1.00
  • bnbBNB (BNB) $ 321.65
  • xrpXRP (XRP) $ 0.373647
  • cardanoCardano (ADA) $ 0.530485
  • binance-usdBinance USD (BUSD) $ 0.999752
  • solanaSolana (SOL) $ 42.75
  • polkadotPolkadot (DOT) $ 9.31