June 15, 2021

Crypto Price Analysis & Overview December 25th: Bitcoin, Ethereum, Ripple, Binance Coin & Chainlink

5 min read

Bitcoin

Bitcoin saw a more 7.5% price surge over the previous week, with today’s 5% rate hike putting it at a new ATH of $24,660. The cryptocurrency had actually penetrated above $20,000 on December 16th, and it continued to rise last week till it satisfied resistance at $23,853 (1.618 Fib Extension – – purple)

. The buyers struggled to break this resistance over the last few days as it went on to trade sideways in between $23,853 and the assistance at $22,708 (.236 Fib Retracement).

Bitcoin rebounded from the lower border of this variety the other day, and it pushed greater above the $23,853 resistance today to reach the newly created ATH. It has because dropped somewhat as it trades at $24,145.

Looking ahead, if the purchasers continue to drive greater, the first level of resistance lies at $26,064. This if followed by $25,684 (1.272 Fib Extension), $26,000, $26,568 (1.414 Fib Extension), $27,163, and $27,880 (1.618 Fib Extension).

On the other side, the very first level of support now lies at $23,853. This is followed by support at $23,000, $22,708 (.236 Fib), $21,721 (.382 Fib), and $21,000. Included support is found at $20,000, $19,893 (Previous ATH), and $19,173 (long term.382 Fib).

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BTC/USD Daily Chart.

Source: TradingView Ethereum is down by 42.5% over the previous week but surged by 4%today, which enabled it to reach$615. Last Friday, the coin had a hard time to break beyond the$660 level, which caused the coin to roll over and head lower. It continued to fall throughout the week and even spiked as low

as$550 on Wednesday. Fortunately, the buyers regrouped to permit Wednesday’s daily candle to close above $580, keeping it above a 2-month-old increasing pattern line

. From there, ETH continued to rebound as it broke back above $600 yesterday and continued to reach the existing $626 level today, though it has actually reduced a bit after that. Looking ahead, if the purchasers continue to push higher

, resistance lies at$ 650,$660, $675(bearish.786 Fib Retracement ), and $700. Beyond$ 700, resistance is discovered at$ 720, $733, and $751 (bearish.886 Fib). On the other side, the first two assistance levels lie at$600 and the 2-month-old increasing trend line. Beneath the trend line, support is discovered at$580(.5 Fib),$556(.618 Fib), and$530(December lows ). ETH/USD Daily Chart. Source: TradingView Versus Bitcoin

, Ethereum saw a troublesome week after poking into a brand-new 7-month low

previously today. The coin was trading above 0.028 BTC at the start of the week as it began to slide lower. On Wednesday, Ethereum penetrated beneath the November low at 0.0262 BTC and continued as low as 0.024 BTC – setting the fresh 7-month low. Fortunately, the purchasers managed to recover on Wednesday to close the everyday candle above 0.025 BTC. It has considering that bounced somewhat

greater to trade at 0.0254 BTC today. Looking ahead, the very first level of resistance lies at 0.0258 BTC( bearish.236 Fib). This is followed by 0.0262 BTC(November lows ), 0.027 BTC

(bearish.382 Fib ), 0.0279 BTC(Bearish.5 Fib), and 0.0284 (Feb 2020 Highs). On the other side, the very first level of support lies at 0.025 BTC. This is followed by 0.0245 BTC(July 2020 lows), 0.024 BTC, and 0.0237 BTC

(drawback 1.618 Fib Extension). ETH/BTC Daily Chart. Source: TradingView Ripple saw a disastrous week after suffering a 50%price fall on Wednesday. It recuperated by 16.2%today, putting the 7-day rate fall to -35%. The cryptocurrency was trading at$0.6 last Friday as it began to fall lower. On Tuesday, it sank underneath the$0.5

level and continued much lower on Wednesday when the news was announced that they would be taken legal action against by the SEC. This triggered XRP to dip as low as$0.215. It recovered from there somewhat as the everyday candle light closed above $0.25. Over the past two days, XRP tried to push higher however was unable to overcome the $0,386 resistance. It has actually since hung back below$ 0.3 to trade at $0.282. Moving on, the first level of resistance

lies at$0.386 (bearish.382 Fib). This is followed by $0.4(100-days EMA), $0.44( bearish.5 Fib), and $0.5. On the other side, the first level of assistance lies at $0.254. This is followed by assistance at $0.25, $0.215,

$0.2, and $0.171.

XRP/USD Daily Chart. Source: TradingView XRP also suffered majorly versus Bitcoin as it dropped to 3-year lows today. The cryptocurrency fell from above 1800 SAT on Wednesday to increase beneath the 1000 SAT level. It recovered a little as the day-to-day candle light closed at 1100 SAT. Since then, XRP tried to rebound but could not pass the 1550 SAT level(Nov 2020 low). It now trades at

1190 SAT. Looking ahead, if the buyers press higher, the first level of resistance lies at 1550 SAT (November 2020 low). Above this, resistance lies at 1745 SAT (bearish.236 Fib ), 1900 SAT (July 2020 lows), and 2000 SAT. On the other side, the very first level of assistance lies at 1190 SAT. This is followed by assistance at 1100 SAT, 10015 SAT, 1000 SAT, and 867 SAT. XRP/BTC Daily Chart. Source: TradingView Binance Coin Binance Coin saw a strong 9.4%rate trek today, surpassing all the coins on this list. IT was trading at around$31 last Friday as it pressed higher over the weekend. Regrettably, it was unable to conquer the resistance at$34.35(July 2019 highs), which caused it to roll over and head lower during the week. Fortunately, BNB handled to fund strong assistance at$30.10(.618 Fib )the other day, which saw the coin rebounding to reach the current$32.15 level today. Progressing, if the buyers continue to drive greater, the very first level of strong resistance is located at$

34.35(July 2019 Highs ). Above this, resistance lies at$ 35.83(bearish.886 Fib), $37, and $38.13. Added resistance is discovered at$ 39.61 (2019 Highs)and $40. On the other side, support is found at $32,$31.17(.5 Fib), $30.10 (.618 Fib), and$28.58(.786 Fib). BNB/USD Daily Chart. Source: TradingView Against Bitcoin, BNB actually returned to the 2-year low today as it fell back into the low of 0.0013 BTC. It had actually tried to push higher but was not able to break back above the November 2020 low at 0.00149 BTC. It is now trading at 0.00133 BTC. Moving forward, the very first level of assistance lies at 0.0013 BTC. This is followed by 0.00123 BTC(November 2018 low ), 0.0012 BTC, and 0.00112 BTC. On the other side, the very first level of resistance lies at 0.0014 BTC. This is followed by 0.00149 BTC(Nov 20 lows), 0.0016 BTC, and 0.00166 BTC(May 2020 lows). Included resistance lies at 0.0018 BTC(100-days EMA ). BNB/BTC Daily Chart. Source: TradingView Chainlink suffered a huge 14%price fall over the previous week as it currently trades at$11.56. It was trading around$14 last Friday as it started to fall. Like the majority of coins, it saw a dreadful spike lower on Wednesday as the sellers pushed the coin as low as$8.00. The bulls quickly reacted to permit LINK to close the everyday candle light at$11. From there, LINK has pushed slightly greater to trade at$11.45. Progressing, if the buyers continue upward, the first level of resistance lies at$12. This is followed by$12.81,$13,$13.80, and$14. Added resistance is discovered at$14.30 and$15. Additionally, the first level of assistance lies at$11.40. This is followed by$11,$10.50,$10, and$9.80. LINK/BTC Daily Chart. Source: TradingView Versus Bitcoin, LINK surged into a fresh 9-month low this week as it dropped as low as 35,800 SAT on Wednesday. By the end of the day, the purchasers managed to press LINK greater to close the candle light at 47,300 SAT(.886 Fib Retracement). LINK because moved sideways from here. Looking ahead, if the sellers break below 47,300 SAT, the very first level of assistance lies at 46,000 SAT. This is followed by 42,680 SAT, 40,000 SAT, and 37,683 SAT. Included support lies at 35,000 SAT and 33,285 SAT(August 2020 lows). On the other side, the first level of resistance lies at 50,000 SAT. This is followed by 52,600 SAT, 55,000 SAT, and 60,000 SAT. LINK/BTC Daily Chart. Source: TradingView