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$ 81,895.7
BTC
$ 81,895.7
-1.69 %
$ 1,813.54
ETH
$ 1,813.54
-1.35 %
$ 0.6569
ADA
$ 0.6569
-3.58 %
$ 605.10
BNB
$ 605.10
-1.08 %
$ 126.16
SOL
$ 126.16
-0.06 %
Cryptoknowmics
Jan 16, 2020
by Cryptoknowmics

Price Analysis of BTC/USD and ETH/USD

BTC
The price of BTC consolidated for some days and returned to the upside towards $10,360.89. The move to the upside could encounter hurdle near $9,500 but due to the buyers’ control, the price should surge above the hurdle.

There has been a change in the sentiment from sell on rallies to buy on declines. Therefore, any decline to the 20-day EMA should be considered as chance to go long.

The bullish perspective will not hold after a turn down from the price level at the moment or from $9,500 and decline under the crucial support at $7,856.76.

As for ETH/USD, the price experienced a huge upsurge on January 14, easily scaling over $151.829 to $157.60 overhead hurdle area, showing improvement in the upside momentum. At the moment, the price is encountering minor hurdle at $173.841.

The ability of the price to surge over $173.841 could initiate a move to $197.75. There is the completion of the bullish crossover of the moving averages while the RSI is close to the overbought zone, suggesting the control of the buyers.

Nevertheless, the failure of the buyers to take the price over $173.841 could retain the price within a range for some days. The bullish perspective will not hold following the sellers sinking the price under $151.829.

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Price Analysis of BTC/USD and ETH/USD
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