Home Finance News Here’s What You Missed On January 24 BTC, ETH, XRP, BCH, BSV, and LTC Price Analysis

Here’s What You Missed On January 24 BTC, ETH, XRP, BCH, BSV, and LTC Price Analysis

Crypto Price Analysis jan 24

So far, Bitcoin (BTC) is up 12.5% this year. The cryptocurrency asset is building a momentum. In fact, options markets have seen with potential call options which will hit $12,000 in June, a month after the much-awaited halving.

Apart from BTC, other crypto-assets has displayed enthusiasm in the markets over the past few days. So, many were hoping that a lot of buying opportunities will continue.

BTC’s $8,350 20-Day EMA

Instead of dumping or panicking, the bull have witnessed buying on dips action. That’s why after dipping down below at $8,350 in the 20-day EMA, the crypto quickly recovered.

Meanwhile, the bears have control over the market for two consecutive days. That happened after they dropped the price from $8,725 to $8,665 last Wednesday.

In the case that the bulls could push above the resistance level of $9,200 and 200-day SMA, Bitcoin could rally towards $10,360.89. But, if the bears could successfully protect the overhead resistance, a range-bound is possible in the next few days.

ETH’s $157.50 Bounce-Off

The bulls were expected to protect the $157.50 strong support level. The ETH/USD pair can possibly experience a range-bound action for more days due to slowly dropping of RSI and flattening 20-day EMA.

However, if the bears could sink the price of ETH below the 20-day EMA, then it will call for a $151.829 minor support level. It’s also good to note that the ETH/USD pair might turn negative in case the aforementioned minor support level will also crack.

XRP’s Dropped Below the Inverted H&S Pattern’ Neckline

Today, the bulled failed to protect the critical support level at the inverted head and shoulders pattern’s neckline. According to the analyst, the event resulted from a lack of buyers.

On the other hand, the bulls are trying to push the price of XRP back above the neckline. Once you become successful, the XRP/USD pair can break above the 200-day SMA. If not, the price will drop to $0.20041.

BCH’s Intraday Lows Sharp Bounce-Off

Currently, there’s a strong demand at the lower levels because of the intraday lows have bounced off. So, the bulls are now pushing the price to $360 level, which will act as a strong resistance level.

However, if the $306.78 and $270.15 support levels break down, the BCH/USD pair will then sink below the $270.15 zone.

BSV Is Poised to $337.80 Level

The bulls are currently accumulating on dips at $236. Then, they are aiming to push the price of BSV to $337.80. This level will act as a solid resistance level. On the other hand, a range-bound is possible in the coming next days in case the price breaks down from $337.80.

LTC Fails to Scale Above $66.1486

As a result of failing to settle above the $66.1486 level, Litecoin bounced back at $50 critical support level. On the other hand, in the case that bulls could push the asset’s price above $66.1486, then the LTC/USD pair will remain a range-bound action for more days.

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