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BTC, ETH and BNB Price Analysis for January 5

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Sellers are back in the game, according to CoinStats.

Top coins by CoinStats

BTC/USD

The rate of Bitcoin (BTC) has declined by 0.09% since yesterday.

Image by TradingView

Despite today’s slight decline, the price of BTC is trying to return to the $44,000 zone. If buyers manage to do that and the bar closes near that mark or above, there is a chance to see a resistance breakout followed by a move to the $46,000 area.

Bitcoin is trading at $43,700 at press time.

ETH/USD

Ethereum (ETH) has lost more than Bitcoin (BTC), going down by 1.36%.

Image by TradingView

On the daily chart, the rate of ETH is in the middle of the wide channel. It means that one should not expect any sharp moves soon. All in all, sideways trading in the area of $2,200-$2,300 is the more likely scenario.

Ethereum is trading at $2,236 at press time.

BNB/USD

Binance Coin (BNB) is not an exception, falling by 2.28%.

Image by TradingView

Traders should pay attention to the bar closure in terms of the nearest level of $307. If the drop reaches it, there is a possibility to see a test of $300 shortly.

BNB is trading at $312.7 at press time.

Source

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Harry is a crypto enthusiast and experienced trader with a track record of success. With a deep understanding of blockchain technology, he has analyzed market trends and identified profitable opportunities, resulting in impressive returns. Harry 's expertise lies in developing effective trading strategies that leverage the potential of cryptocurrencies. Through his articles, guides, and educational resources, he shares his insights and knowledge, helping individuals make informed trading decisions. With a keen eye for market patterns, Harry has navigated the volatile crypto landscape with confidence. Stay tuned for valuable perspectives and expert advice from Harry as he contributes to the Ailtra platform.
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