• Live Crypto Prices
  • Crypto News
    • Worldwide
      • Bitcoin
      • Ethereum
      • Altcoin
      • Blockchain
      • Regulation
    • Australian Crypto News
  • Education
    • Cryptocurrency For Beginners
    • Where to Buy Cryptocurrency
    • Where to Store Cryptos
    • Cryptocurrency Tax in Australia 2021
No Result
View All Result
CryptoABC.net
No Result
View All Result

Bitcoin and Ethereum Attempt Recovery, Hurdles Nearby

January 20, 2022
in Crypto News
Reading Time: 3min read
0 0
A A
0
Bitcoin and Ethereum Attempt Recovery, Hurdles Nearby
0
SHARES
23
VIEWS
ShareShareShareShareShare
  • Bitcoin price is facing resistance near USD 42,500.
  • Ethereum is still well below USD 3,200, XRP is eyeing an upside break above USD 0.75.
  • ATOM, FTT, and HBAR are up over 5%.

Bitcoin price is attempting a recovery wave above the USD 42,000 level. BTC is currently (04:00 UTC) facing resistance near USD 42,500. A clear break above USD 42,500 might start a steady increase in the near term.

Similarly, most major altcoins are slowly rising. ETH is facing a major hurdle near USD 3,200. XRP might start a steady increase if it settles above USD 0.75. ADA is consolidating near the USD 1.35 level.

Total market capitalization

Source: Tradingvew.com

Bitcoin price

After testing the USD 41,500 zone, the bitcoin price started a minor upside correction. BTC climbed above the USD 42,000 pivot level. An immediate resistance is near the USD 42,200 level. The next major resistance is near USD 42,500, above which the price could gain bullish momentum. 

On the downside, initial support is near the USD 41,500 level. The next key support is near USD 41,200, below which the bears might aim a test of USD 40,500.

Ethereum price

Ethereum price is attempting a recovery wave above the USD 3,100 zone. ETH is now facing resistance near USD 3,150. The main resistance is near USD 3,200, above which the price might start a decent increase. In the stated case, it could rise towards USD 3,350.

An initial support is near the USD 3,100 level. The key support is near USD 3,050, below which the price may perhaps break the USD 3,000 support.

ADA, BNB, SOL, DOGE, and XRP price

Cardano (ADA) declined sharply below the USD 1.42 and USD 1.40 levels. It is now consolidating near the USD 1.35 level. If there is a fresh increase, the bears might remain active near USD 1.40.

Binance Coin (BNB) is consolidating near the USD 460 level. On the upside, the price might face hurdles near the USD 472 and USD 475 resistance levels. If there is another decline, the bulls might appear near USD 450.

Solana (SOL) is facing a major resistance near the USD 140 level. A clear move above the USD 140 level could push the price towards the USD 145 level. If not, the price may possibly decline towards the USD 130 level.

DOGE is trading well above the USD 0.160 level. The next major support is near the USD 0.150 level. If the price starts a recovery wave, it could face resistance near the USD 0.175 level.

XRP price is slowly rising and approaching the key USD 0.75 resistance level. If the bulls succeed in clearing USD 0.75, the price might accelerate higher. The next major stop for the bulls may perhaps be near the USD 0.80 level.

Other altcoins market today

A few altcoins are up over 4%, including LUNA, ATOM, FTT, HBAR, KLAY, LEO, MIOTA, and BTT. Conversely, Out of these, ATOM gained pace for a move above the 39.20 level.

To sum up, the bitcoin price is slowly rising towards the USD 42,500 resistance. If BTC clears USD 42,500, it could rise steadily. If not, it could slide towards USD 40,500.

_____ 

Find the best price to buy/sell cryptocurrency:

Credit: Source link

ShareTweetSendPinShare
Previous Post

Multichain Losses Reportedly Exceed USD 3M As Critical Vulnerability Remains Unsolved

Next Post

Bitcoin and Ethereum Will Correct and Come Back Stronger, but Not These Crypto Assets: Bloomberg Commodity Strategist

Next Post
Bitcoin and Ethereum Will Correct and Come Back Stronger, but Not These Crypto Assets: Bloomberg Commodity Strategist

Bitcoin and Ethereum Will Correct and Come Back Stronger, but Not These Crypto Assets: Bloomberg Commodity Strategist

You might also like

Analyst Reveals The Best Time To Actually Start Buying Bitcoin

Ripple CEO Brad Garlinghouse Slams Michael Saylor’s Bitcoin

June 27, 2026
Bitcoin Bears Eye Lower Levels As TradingView Analysts Flag

Bitcoin Bears Eye Lower Levels As TradingView Analysts Flag

June 21, 2026
You Will Not Like Where Grok AI Predicts Bitcoin Going in The Next 30 Days

You Will Not Like Where Grok AI Predicts Bitcoin Going in The Next 30 Days

June 25, 2026
Bitcoin Slides Toward $58,000 As ETF Outflows And Options Expiry Add Pressure

Bitcoin Slides Toward $58,000 As ETF Outflows And Options Expiry Add Pressure

June 26, 2026
Elon Musk Grok AI Predicts Shocking XRP Price by End of 2026

Elon Musk Grok AI Predicts Shocking XRP Price by End of 2026

June 22, 2026
Ethereum Glamsterdam Upgrade Targets 200M Gas Limit Roadmap

Ethereum Foundation Cuts Put Long-Term Solvency Back In Focus

June 24, 2026
CryptoABC.net

This is an Australian online news/education portal that aims to provide the latest crypto news, real-time updates, education and reviews within Australia and around the world. Feel free to get in touch with us!

What's New Here!

Google Gemini AI Predicts Jaw-Dropping Bitcoin Price by Next 90 Days

Google Gemini AI Predicts Jaw-Dropping Bitcoin Price by Next 90 Days

June 28, 2026
Year-end odds on Israel–Indonesia ties shift in Polymarket

Dnipropetrovsk hit refocuses front as Polymarket Crimea odds rise to 13.5%

June 28, 2026

Subscribe Now

  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2021 cryptoabc.net - All rights reserved!

No Result
View All Result
  • Live Crypto Prices
  • Crypto News
    • Worldwide
      • Bitcoin
      • Ethereum
      • Altcoin
      • Blockchain
      • Regulation
    • Australian Crypto News
  • Education
    • Cryptocurrency For Beginners
    • Where to Buy Cryptocurrency
    • Where to Store Cryptos
    • Cryptocurrency Tax in Australia 2021

© 2021 cryptoabc.net - All rights reserved!

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Please enter CoinGecko Free Api Key to get this plugin works.