BTC, ETH and BNB Price Analysis for January 14

Bulls are trying to seize the initiative on the last day of the week, according to CoinMarketCap’s ranking.

BTC/USD

The rate of Bitcoin (BTC) has almost not changed since yesterday. Over the last week, the price has fallen by 3.42%.

On the daily chart, the price of BTC is accumulating energy after a sharp drop from the $48,000 zone. From the technical point of view, the situation is more bearish than bullish as the rate is near the support. If the situation does not change shortly, one can expect a test of the $40,181 level.

Bitcoin is trading at $42,859 at press time.

ETH/USD

Unlike BTC, the rate of Ethereum (ETH) has declined by 0.23%.

The price of ETH is trading sideways as it is in the middle of the channel. The volume has fallen, which means that any sharp moves are unlikely to happen soon. All in all, ongoing consolidation in the area of $2,500-$2,600 is the more likely scenario for the next days.

Ethereum is trading at $2,540 at press time.

BNB/USD

Binance Coin (BNB) has gained the most value on the list today, going up by almost 2%.

The price of BNB is rising after a false breakout of the support level at $305.2. If today’s candle closes with no long wicks, the growth may continue to the $310-$320 zone next week.

BNB is trading at $305 at press time.

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