Bitcoin and most of the major altcoins are trading near upper resistance levels, increasing opportunities to move higher.
bitcoins
bitcoins
See below
$21,592
This is Bitcoin’s third worst year after 2014 and 2018. In comparison, the S&P 500 did better, but is down about 20%. 2022.
Cryptocurrency prices have fallen sharply this year, but traders continue to invest in the space. The Blockchain.com online survey found that 41 percent of respondents said they would buy cryptocurrency this year, and 40 percent said they would buy cryptocurrency this year. I plan to buy cryptocurrency next year.
Daily Cryptocurrency Market Overview Source: Coin360
However, risk assets are likely to continue to improve as inflation shows signs of slowing.
In the short term, the market remains volatile as holiday trading volumes may be low. Could Bitcoin and Altcoins Start to Recover? Check out a chart of the top 10 cryptocurrencies to find Let’s
Bitcoins/USDT
bitcoins
bitcoins
See below
$21,592
It is trying to support the 20-day moving average ($16,955). On December 22, the bears tried to bring down the price, but the long tail of the candlestick indicates strong downside buying.
BTC/USDT daily chart Source: TradingView
The bulls want to break through the wall of movement. If successful, the BTC/USDT pair could gain momentum and break the overhead resistance at $18,388. The breakout or near top is an important area to watch as it attracts a large number of buyers. The pair can then go up to $21,500
Bull. Bears used this opportunity to try to pull the pair down to $16,256. If so, the pair could be supported by $15,476
Ethereum/USDT
Very smooth
Yes
See below
$1,483
The pullback from the 20-day EMA ($1,230) to $1,150 encountered two days of strong resistance. Traders tried to reduce the price on December 22, but the long tail of the candlestick indicates strong buying at the lower levels.
ETH/USDT daily chart. Source: TradingView
The 20 day EMA is flat and the RSI is below the midpoint, indicating that the buyers and sellers are evenly matched. A break above the 50-day SMA ($1,259) would be downside. The ETH/USDT pair could reach $1,352
For sellers, the price needs to stay above the immediate support at $1,150. With such a movement, the bare head and shoulders were cleaned in one piece. Or fall first to $1075 and then to a target of $948.
Binance Coin / USDT
Binance Coin
Binance Coin
See below
$286
The price has been bouncing around the $250 breakout level for the last few days.
BNB/USDT daily chart. Source: TradingView
If the price goes above $255, aggressive bears may get caught and rush to close their positions. The price could advance slightly towards the 50 day SMA ($283) and then towards $300.
Conversely, if the price breaks below the current level and breaks below $236, it will indicate that the bears are in control. After that, traders will try to push the price below $220 and extend the decline towards the $200 psychological support.
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Ripple / USDT
Ripple
Ripple
See below
for 0.37 US dollars
It will start a recovery but may face a selloff near the $0.37 margin.
The XRP and US dollar change charts are continuously updated. Source: TradingView
If the price breaks below the 20 day EMA, bears will try to pull the XRP/USDT pair below $0.33. If successful, support could see a sharp drop to $0.30, where the bulls are holding.
Another possibility is a breakout at the moment, with buyers moving the pair above the $0.37 resistance. In this case, the pair could rise to $0.41, another big hurdle.
Governor/USDT
Dogecoins
Doug
See below
for 0.08 US dollars
There was strong support at $0.07 on December 20, indicating buyers are protecting this level.
DOGE/USDT daily chart. Source: TradingView
Pullbacks: Catching downtrend lines
Source: Cointelegraph
Source: CoinTelegraph
Source: CoinTelegraph
