BTC/USD 4H Chart: Targets at $8000

After the Bitcoin cryptocurrency tested a resistance cluster formed by the weekly R1 and the monthly R3 at 9178.4 on January 19, the exchange rate began to decline. The pair has declined by 9.24% in value during this period.

All things being equal, the BTC/USD pair will most likely continue to decline until it reaches a support cluster formed by the 200– period simple moving average and the monthly R1 at 7915.5.

The Bitcoin cryptocurrency will likely make an upside reversal from the support cluster, as mentioned earlier, during next week's trading sessions.

BTCUSD

 

ETH/USD 4H Chart: Remains near 100

During this week's trading sessions, the Ethereum cryptocurrency has declined by 10.90% in value against the US Dollar. The exchange rate breached the 50– period simple moving average within this period.

Currently, the ETH/USD pair is trading near the support level formed by the 100– period SMA at 157.80.

If the 100– period SMA holds, bullish traders could drive the pair higher during next week's trading sessions.

However, if the cryptocurrency breaks the support level, the next target for bears would be at the 140.00 regions.

ETHUSD

This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

Having dropped BTC/USD below $10,000, will the bears now aim for $9,500?

BTC/USD has fallen from $10,197.35 to $9,617 so far this Wednesday, going below the key $10,000 psychological level. The bears will now aim to take the price below the $9,500, but to do that, they will need to conquer ...

More Bitcoin News

Ripple Price Analysis: Ripple finds support at important Fibonacci level

All the major cryptocurrencies fell on Wednesday in the US session. The price of XRP/USD is down around 6% so far in the session. Support has been found on the trendline which confluences with ...

More Ripple News

Litecoin Price Analysis: LTC/USD falls below SMA 20 following Wednesday’s bloodbath

LTC/USD fell from $77.40 to $70.72 this Wednesday as the bears took full control of the market. The buyers were able to bring back the price up to $71.15 in the early hours of Thursday. Following this Wednesday’s bloodbath ...

More Litecoin News

EOS Price Analysis: EOS/USD dips below the $4.50-level

EOS/USD has dropped sharply from $4.59 to $4.38, going below the $4.50 psychological level in the process. While the price is still hovering above the SMA 50 and SMA 200 curves, the SMA 20 curve ...

More EOS News

BEST CRYPTO BROKERS/EXCHANGES

Bitcoin Weekly Forecast: BTC bulls brace for jump to $11,000

Bitcoin (BTC) has been growing for three weeks in a row. The first cryptocurrency hit $10,504 on Thursday - the highest level of 2020.

Read the weekly forecast

BTC

ETH

XRP