Bitcoin (BTC) dipped below the price of 35,000$, losing support levels previously achieved at that value. As BTC is entering a trend reversal with bearish momentum, the top crypto is showing losses on the daily chart, as well as on weekly and biweekly charts. How are BTC, ETH, LTC, and XRP doing in the market in the past seven days?
Bitcoin (BTC) Price Analysis January 2021
- Bitcoin dropped below the value of 35,000$, currently trading at the price of 34,811$
- The weekly chart is showing losses at -6.9%
- The lowest price for the week is 35,587$, which means that Bitcoin went below its lowest low for the week
- The highest price for the week is 39,232$
- The difference between the weekly low and the weekly high indicate solid fluctuations and high volatility for BTC
- The yearly chart is still recording gains at 303%
Ethereum (ETH) Price Analysis January 2021
- ETH is currently trading at the price of 1,321$, continuing with a bullish pace
- The weekly chart is showing gains of 16.5%
- The lowest price for the week is 1,171$
- The highest price for the week is 1,385$
- The yearly chart is showing gains by 690$, making ETH one of the top gaining cryptos for the year
Litecoin (LTC) Price Analysis January 2021
- LTC is trading at the value of 145$ after the latest price correction
- The weekly chart is recording losses by nearly -2%
- The lowest price for the week is set at the value of 142$
- The highest price for the week is 153$
- The yearly chart is showing 153% of gains
Ripple’s XRP Price Analysis January 2021
- XRP is trading at the price of 0.29$, while the crypto is keeping up at this price level for a longer period
- The weekly chart is showing losses of -2.6%
- The lowest price for the week is 0.27$
- The highest price for the week is 0.29$
- The yearly chart is showing 28% of gains
Image credits: Cover photo taken from Ewan Kennedy on Unsplash
