Bitcoin (BTC/USD) Analysis
Key Highlights
Bitcoin is trading flat after hitting a multi-month high at $48,234. The crypto market gained momentum on positive news that Ukraine and Russia may make a deal soon. Markets will keep a close eye on talks between two countries for further direction.
Technical Analysis
Intraday trend – Bullish
On the daily chart, the pair is trading above Tenken-Sen ($44,567), Kijun-sen ($42,701), and Ichimoku Kumo cloud ($40,630). It hits an intraday high of $47,434 and is currently trading around $47,119.
Major support is seen at $44,990, any violation below this level confirms intraday bearishness. A dip till $44,000 / $43,500 / $42,500 / $41,700 is possible.
The immediate resistance is around $48,300, any surge past targets $50,000 / $52,000. Major bullishness can happen only if it breaks $52,000, a jump to $60,000 / $69,000 is likely.
RSI – Bullish
A possible strategy could be long on dips $46,000 with SL around $44,500 for TP of $52,000.
ETH/USD Daily Outlook
Key Highlights
Ethereum’s price has stalled near the psychological resistance point of $3,500. It hits a low of $3,333 yesterday and is currently trading around $3,402.10.
On the daily chart, the pair is trading above Tenken-Sen ($3,185), Kijun-sen ($2,964), and Ichimoku Kumo cloud ($2,797).
Major support is seen at $3,275, any violation below this level confirms intraday bearishness. A dip till $3,150 / $3,000 / $2,940 / $2,880 / $2,800 is possible.
The immediate resistance is around $3,500, any break above will take the pair to $3,512 / $4,000.
RSI – Bullish
A possible option could be long on dips around $3300 with SL around $3100 for TP of $4000.
TradingView
XRP/USD Outlook
Intraday trend – Bullish
Key support- $0.70, $0.50
Key Resistance- $0.9125
XRP’s price downside is capped by 200-day EMA at the $0.8400 level. Any daily close above $0.9050 confirms a further bullish trend, it is currently trading around $0.86733. Short-term trend…
![Anticipation for Ethereum [ETH] 2.0 rises as metric reaches all-time high](https://crypto.newswireservice.net/wp-content/uploads/2023/01/ethereum-wale-1000x600-350x250.jpg)
