Crypto rises, several coins surpass expectations, investors hopeful again

Friday 15 January 2021, 2:19 AM AEST - 1 week ago

CryptoCrypto rises, several coins surpass expectations, investors hopeful again 19

TL;DR Breakdown

  • BTC increases by 10% and smashes resistance levels within the past 24 hours.
  • Ethereum is once again in the $1,150 resistance levels, but XRP lags with a closing price of $0.300
  • The cryptocurrencies HEDG and DOT rose a stunning 50% and 35%, respectively, with DOT even reaching the exceptional level of $11.

Bitcoin

After a short-lived crash earlier this week, many cryptocurrencies are now surging once again, therefore reaching levels that will surely please cryptocurrency investors. Bitcoin (BTC) is expected to rise above a solid $32,400, with a support level of $33,200. Its resistance level, $35,000, has already been broken when writing this article, and earlier this morning, we have seen prices well above USD 37,000. Is it going to rise even further? Speculators and investors alike seem hopeful in the cryptocurrency once again.

Ethereum

Mirroring the movement of Bitcoin, Ethereum has now reached the USD 1,100 resistance bar but stays below $1,150. Ethereum has now stabilized around $1,100, ranging from anything between that and $1,080 and $1,150. Signs seem to indicate a possibility of the currency increasing to $1,220.

BCH, LTC and XRP

Bitcoin Cash, BCH, has surged 5%, making the currency almost hit the all-time peak of $500 once again. However, it never quite reached levels so high, instead of stabilizing around $485 instead, which is still a significant increase from previous prices. Optimistic about a bullish run, investors hope for the currency to surpass levels much above $500, even breaking above the resistance lev ...

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