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As we start the new day, how are the prices of Bitcoin and Cryptocurrencies? Is the rise continuing? Here are the BTC, ETH prices!
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Bitcoin has started the week with a decline, as we said yesterday. The important support level is now at $40,200. If it manages to break this level in this attempt, which we see as likely, a decline to the $38,000 price band is possible.
Bitcoin and Cryptocurrencies Status – January 22
- Bitcoin (BTC): BTC/USD is trading at $41,115, down 1.10% as of the time of writing. Resistance levels for BTC are between $42,800 and $43,200, while support levels are between $41,000 and $40,200.
- Ethereum (ETH): ETH/USDT is trading at $2,427, down 1.20% as of the time of writing. Resistance levels for ETH are between $2,540 and $2,710, while support levels are between $2,375 and $2,145.
- Ordinals (ORDI): ORDI/USDT is trading at $64.20, down 3.40% as of the time of writing. Resistance levels for ORDI are between $67.60 and $70.10, while support levels are between $62.60 and $53.92.
- Highstreet (HIGH): HIGH/USDT is trading at $1.65, down 4.00% as of the time of writing. Resistance levels for HIGH are between $1.75 and $1.84, while support levels are between $1.63 and $1.45.
- Injective (INJ): INJ/USDT is trading at $34.80, up 3.16% as of the time of writing. Resistance levels for INJ are between $36.86 and $41.60, while support levels are between $33.60 and $29.70.
Outlook
The overall trend of Bitcoin and Cryptocurrencies in the cryptocurrency market is still downward, with Bitcoin and Ethereum both below their 200-day moving averages. If Bitcoin breaks below the $40,200 support level, it could lead to further declines to the $38,000 price band.