Bitcoin and Ethereum technical analysis on the last week of 2022
Bitcoin and Ethereum have started the new week calmly. Here are all the details.
While leaving behind a calm and voluminous week in terms of news flow, Bitcoin continues its horizontal activity on Monday. Bitcoin, which was priced at $ 16,860 in the morning hours, has not yet been able to rise above the 50-day moving average. In the upward movement, it will be important to exceed the 50-day moving average of $ 16,885 and then the middle Bollinger band level of $ 17,000. If these levels are exceeded and daily closes are made, the next resistance level can be met at $ 17,670. On the downside, it can be expected that the $16,550 level first and then the lower Bollinger band $16,320 level will act as support.
Bitcoin and Ethereum technical analysis on the last week of 2022
Showing the same volatility as the leading cryptocurrency, Ethereum, although it shows no volume, its permanence above the major falling trend has a positive effect on the outlook. Ethereum is priced at $1220 in the morning hours. In the continuation of the positive scenario, $1230 as the first resistance level and then $1280 can be tested. In the negative scenario, $1190, which is the major downtrend level tested over the weekend, and then $1155 can be expected to act as support.
