Daily Analysis: BTC, ETH, FIL, BSV, MKR

Bulls have started the year in control as the global market cap recorded a 0.7% increase within the last 24 hours to stand at $1.66 as of press time. The trading volume has dropped by 38% to stand at $44.4 billion.

Bitcoin Price Analysis

The Bitcoin price has pumped by a slight 0.2% as of press time to trade at $42.5K as the crypto king’s (BTC) bulls start on a low note. The market cap is currently at $832 billion, as the trading volume stood at $16.1 billion.

The Relative Strength Index indicator is now moving north, showing bullishness on the Bitcoin price as the MACD indicator also reverts towards the green zone. This points towards a bullish short-term on the crypto king as bulls look to break past the $43K level.

BTC 1-day chart | Source: TradingView

Ethereum Price Analysis

Ethereum (ETH) has, however, started the year with minor bear activity. The Ethereum price has plunged by a slight 0.24% as of press time to trade at $2285. The market cap is currently at $279 billion, as the trading volume stood at $6.9 billion.

The Ethereum price future trajectory is, however, uncertain as the Relative Strength Index indicator moves north while the MACD is in the red zone, showing a struggle between bulls and bears for market dominance.

ETH 1-day chart | Source: TradingView

Filecoin Price Analysis

Filecoin (FIL) is among today’s top gainer. The Filecoin price has pumped by 16% as of press time to trade at $7.1. The market cap is currently at $3.4 billion, as the trading volume stood at $917 million.

The Filecoin price future trajectory looks bullish as the Relative Strength Index indicator moves north while the MACD is in the green zone, showing buying pressure on the token as the Filecoin price looks to pump in the short term.

FIL 1-day chart | Source: TradingView

Bitcoin SV Price Analysis

Bitcoin SV (BSV) is another top gainer today. The Bitcoin SV price has jumped by 12.4% to trade at $105 as of press time. The market cap is currently at $2 billion, as the trading volume stood at $431 million.

The Bitcoin SV price future trajectory looks bullish as the Relative Strength Index indicator moves north while in the overbought region. The MACD is also in the green zone, showing buying pressure on the token as the Bitcoin SV price looks to pump in the short term.

BSV 1-day chart | Source: TradingView

Maker Price Analysis

Maker (MKR) wraps up today’s top gainers list. The Maker price has pumped by 8.6% as of press time to trade at $1718.2. The market cap is currently at $1.5 billion, as the trading volume stood at $88 million.

The Maker price future trajectory looks bullish as the Relative Strength Index indicator moves north in the overbought region while the MACD is in the green zone, showing buying pressure on the token as the Makerprice looks to pump in the short term.

MKR 1-day chart | Source: TradingView

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