Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Ripple – Asian Wrap 25 Jan
|Bitcoin Price Analysis: BTC correction underway, holding onto 50-DMA is critical
Bitcoin (BTC/USD) has stalled its correction from the record highs of $41,987, as the bears take a breather before the next leg lower. Markets resort to locking in gains after the parabolic rise, paving way for further downside correction.
Ethereum refreshes record top towards $1,500 inside short-term rising channel
Ethereum buyers dominate sentiment as ETH/USD rises to the fresh high on record during early Monday. That said, the ETH/USD pair pierces the previous high of $1,440 to mark a new all-time top of $1,475.89. Upbeat RSI conditions, news from China’s GT also back Ethereum buyers.
Ripple Price Analysis: XRP bulls attack 200-bar SMA inside two-week-old falling wedge
XRP/USD stays strong near the recently flashed intraday high of 0.2767, currently around 0.32760, during early Monday. In doing so, the crypto pair flirts with 200-bar SMA while extending the weekend bounce off 0.2692.
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