Original U.Today article

BTC, DOGE and SHIB Price Analysis for January 15

Has the time come for the cryptocurrency market to return to the bullish trend?

Price Analysis

Sat, 15/01/2022 - 14:38

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The weekend has begun with the continued bounceback of the cryptocurrency market as the major coins remain in the green zone.

BTC/USD

The weekend has begun positively for Bitcoin (BTC) as the main crypto has risen by 1.60%.

At the moment, Bitcoin (BTC) is trading between the support at $39,573 and the resistance at $45,478. Ongoing sideways trading is also confirmed by the low volume, which means that neither bulls nor bears are dominating.

Fri, 01/14/2022 - 11:14

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In this case, if the rate starts coming back to the support, there are high chances to see its breakout and a sharp drop to $38,000.

Bitcoin is trading at $42,704 at press time.

DOGE/USD

DOGE is the only falling coin from the list today, going down by 1.88% since yesterday.

DOGE is approaching the resistance level at $0.2204 against the increased buying trading volume. If the daily candle fixes above this area, the rise to the zone of the most liquidity around $0.25 may continue.

Wed, 01/12/2022 - 15:49

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Such a scenario is rather more likely for the mid-term than for intraday trading. All in all, one needs to pay attention to the situation around the important mark of $0.20.

DOGE is trading at $0.1871 at press time.

SHIB/USD

Unlike DOGE, the rate of SHIB has risen by 1.30% over the last 24 hours.

SHIB could not keep the rise going after it bounced back to the zone of the most liquidity at $0.00002768. If bulls cannot hold the initiative and the rate goes below the psychological mark of $0.000030, the price may once again test the support level at $0.00002537 within the next few days.

SHIB is trading at $0.00003079 at press time.

#Bitcoin Price Prediction #Dogecoin Price Prediction #Shiba Inu (SHIB) Price Prediction

About the author

Denys Serhiichuk

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.