Bitcoin and Ethereum analysis for the week

Bitcoin is priced at $22,900, starting the day with a green candle after five days of minor pullbacks. For Bitcoin, which broke the $23,200 support, the $23,200 level can be met as the first resistance in the upside movement. Then, the $23,950 level, which has been tested many times, appears as an important resistance. On the downside, $22.310 remains as critical support, while a break above this level could lead to a pullback to $21,550.

Bitcoin and Ethereum analysis for the week

Ethereum is priced at $1630 this morning after being rejected by the major downtrend it has tested five times. With an up move, it could test the downtrend again. $1660 is therefore a very important resistance level. Breaking this level and making daily closes above it can support the rise. On the downside, $1595 and then $1565 levels can be expected to act as support.

Cyrptocurrencies have started the new year in a good note after 2022's sudden drop. FED decisions and many things continue to effect the important currencies to this day. The support levels may vary day to day.

Cryptocurrency markets lost momentumMoney