The market is trying to recover as עטלעכע קאָינס returned to the green zone.
בטק / וסד
The rate of Bitcoin (BTC) keeps falling, going down by almost 1% over the last 24 hours.
On the daily chart, the price of Bitcoin (BTC) is trading closer to the support level than to the resistance, which means that sellers have seized the initiative. Thus, the rate has fixed below the $23,000 zone, which also confirms buyers’ weakness.
In this case, the more likely scenario is the continued downward move to the next area of $22,000.
ביטקאָין איז טריידינג בייַ $ 22,878 אין פּרעסע צייט.
עטה / וסד
Ethereum (ETH) is less of a loser, however, the leading altcoin could not stay in the green zone, declining by 0.54%.
From the technical point of view, Ethereum (ETH) is trading similarly to Bitcoin (BTC) as the price is also trading sideways and is located below its crucial zone of $1,600. In addition, the volume has fallen, which means that buyers are not ready to buy the coin at the current prices. Likewise, one can expect a further decrease to $1,500 if bulls cannot seize the initiative shortly.
עטהערעום איז ביי $ 1,574 אין די פּרעסע צייט.
Source: https://u.today/btc-and-eth-price-analysis-for-january-31