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As we start the new day, how are the prices of Bitcoin and Cryptocurrencies? Is the uptrend continuing? Here are the BTC, ETH prices!
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Bitcoin has not yet shown a breakout and continues its sideways movement as we said. In general, we can see prices moving up on the charts after such a sideways movement in the market. However, it is difficult to speak clearly without a breakout now.
There were two manipulations in Bitcoin, and both of them were aimed at liquidating the liquidations in the lower band of the sideways trend. It now needs to start an uptrend for the liquidations that have accumulated above. For this, it is important to rise above the $43,200 band and make closings.
- Bitcoin (BTC): BTC/USD pair is trading at $42,755, up 0.55% as of the time of writing. BTC resistance levels are between $43,200 and $44,300, support levels are between $42,600 and $41,800.
- Ethereum (ETH): ETH/USDT pair is trading at $2,536, up 0.98% as of the time of writing. ETH resistance levels are between $2,540 and $2,710, support levels are between $2,375 and $2,145.
- Klaytn (KLAY): KLAY/USDT pair is trading at $0.238, up 23.23% as of the time of writing. KLAY resistance levels are between $0.241 and $0.262, support levels are between $0.227 and $0.20.
- Rose (ROSE): ROSE/USDT pair is trading at $0.118, up 3.10% as of the time of writing. ROSE resistance levels are between $0.124 and $0.133, support levels are between $0.115 and $0.110.
- Arkham (ARKM): ARKM/USDT pair is trading at $0.59, up 3.10% as of the time of writing. ARKM resistance levels are between $0.61 and $0.66, support levels are between $0.56 and $0.53.
The analysis of Bitcoin and Cryptocurrencies
Bitcoin is still in a sideways movement, but it is showing signs of strength. The price has been rising for the past few days and is now approaching the $43,200 resistance level. If Bitcoin can break through this level, it could start a new uptrend.
Ethereum is also in a sideways movement, but it is showing even more strength than Bitcoin. The price has been rising for the past few weeks and is now approaching the $2,540 resistance level. If Ethereum can break through this level, it could start a new uptrend that is even stronger than Bitcoin’s.
Klaytn, Rose, and Arkham are all showing signs of strength as well. Klaytn is up 23.23%, Rose is up 3.10%, and Arkham is up 3.10%. These altcoins could continue to rise in the coming days if Bitcoin and Ethereum continue to move higher.
The cryptocurrency market is looking strong as we start the new year. Bitcoin and Ethereum are both showing signs of strength, and altcoins are also rising. If these trends continue, we could see a strong uptrend in the cryptocurrency market in the coming months.