BTC, XRP, and BNB Price Analysis for January 18
Bears are not going up, with the top 10 largest coins remaining in the red zone.
BTC/USD
Yesterday, sellers pushed the price of Bitcoin below the two-hour EMA55, and they broke through the support at $42,447 in the evening. At the end of the day, an intraday low of $41,580 was reached.
The pair tried to recover overnight, but the 50% Fibonacci level limited the weak growth. Today, the decline may continue to the support of $40,000.
Bitcoin is trading at $41,684 at press time.
XRP/USD
Yesterday, the price of
Today, during the day, a decline to the support at $0.70 is possible.
However, if the price can stage a breakout above the zone of the most liquidity around $0.77 and fix above it by the end of the day, there is a chance of seeing short-term growth.
XRP is trading at $0.7447 at press time.
BNB/USD
The price of BNB could not hold above the local level at $489. At the moment, bears are more powerful than bulls, which is evident based on rising selling volume. If buyers cannot get back to the previous price level, one may expect a drop to the area around $450 within the nearest days.
BNB is trading at $463.6 at press time.