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Bitcoin and Cardano Price Prediction | 20 January 2022 | BTC & ADA Market Update

Bitcoin and Cardano Price Prediction | 20 January 2022 | BTC & ADA Market Update

Kavya Barua

Kavya Barua is a voracious learner captivated by crypto and Fintech breakthroughs. Graduated from the University of Delhi's B.A (Hons) English program at Janki Devi Memorial College. She desires to be a successful professional with a strong interest in learning and accomplishing outcomes.

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Current Bitcoin and Cardano Price Prediction 2022 is effected because of many reasons majorly the macro expansion of blockchain and crypto space.

Also, Due to inflation in the USA Economy and Eurozone, currently trading on cryptocurrency market is running low, But BTC Buyer in Asia are still active.

Let’s Check the Technical Movement of Bitcoin and Cardano:

Bitcoin Price Prediction 2022

Bitcoin and Cardano Price Prediction | 20 January 2022 | BTC & ADA Market Update image 3 | BuyUcoin
Source: Trading View, @priya

Bitcoin’s price began a new downward trend versus the US Dollar around $44.5K.

The price has dropped below $43k and is now trading below the monthly simple moving average (4-hours). On the 4-hours chart, a strong negative trend line is forming with resistance near $42.6K

If the pair breaks above the $43K resistance, it might begin a major upward surge. [wpdiscuz-feedback id=”aq78aism8n” question=”Please leave a feedback on this” opened=”0″][/wpdiscuz-feedback]

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Cardano Price Prediction 2022

Cardano’s price is approaching the $1.22 to $1.35 demand zone, as well as the $1.33 monthly simple moving average confluence, indicating a fresh rise.

A 40% rise is expected, slicing through the $1.54 to $1.76 supply and retesting the $1.87 barrier. The bullish thesis for ADA will be invalidated if the $1.20 support level is broken.

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