Technical analysis for Bitcoin and Ethereum
The crypto money market continues to rise in the first twenty days of the year.
Bitcoin broke the critical resistance level of $ 21600, which it has tried many times, over the weekend and rose to $ 23370. With this rise, it retested the levels last seen in August 2022. For Bitcoin, which is priced at $22780 during the day, $25320 can be tested as the first critical resistance level if the upward movement continues. Daily closes above this level can lead to a rapid rise to $28150 levels. On the downside, if the $21600 level works as the first support level, if it cannot hold this level, it may bring along the $20450 levels.
Technical analysis for Bitcoin and Ethereum
Leading altcoin Ethereum tested the $1680 levels with the rapid rise in Bitcoin over the weekend. For Ethereum, which is priced at $1635 during the day, the falling major line ($1720) can be tested as the first resistance level in the continuation of the upward movement. If this level is exceeded and persists above it, it can bring an increase up to $ 1790 levels. On the downside, $1595 and then $1465 levels can be expected to act as support.
Bitcoin's total market cap reached $450 billionMoney
