Bitcoin and Ethereum analysis: critical levels
Bitcoin and Ethereum started to new year on a good note. Here are all details.
Bitcoin is priced at $16875, giving some hope about going up. For Bitcoin, which is moving above the 50-day moving average, the $ 17000 level can be tested as the first resistance level in the continuation of the rise. Daily hardware above this level may bring an increase up to $ 17300 levels. If it fails to sustain above the $16830 certificate, it can be expected that the $16450 test will run behind $16600 as the first support level with a downward movement.
Bitcoin and Ethereum analysis: critical levels
Leading altcoin Ethereum is up around 3% on the day and is priced at $1250. For Ethereum, which is moving above the 50-day moving average and the upper bollinger band, the $1280 level can be expected to act as resistance in the continuation of the upward movement. If it fails to sustain above the $1245 level, the 50-day moving average level of $1224 can be tested with a downward movement. Then, the $1200 level appears as the second support level.
Cryptocurrency markets to have new year optimismMoney
