Bitcoin, Ethereum & Litecoin - American Wrap: 1/23/2020

Bitcoin Price Analysis: BTC/USD bears break critical $8500 support

Bitcoin price is trading in negative territory, down 3.70% in the second half of the session.

BTC/USD bears manage to break down the critical barrier of support at $8500.

Following eight sessions of consolidation, the bears are taking back control.

Ethereum price is trading in the red by -2.90% in the session on Thursday.

The last nine-day price range $175 down to a low of $160 is at risk of a breach.

Last week’s rally is at risk of being completely reversed by the bears.

Litecoin price is trading in negative territory by some -5.70% in the session on Thursday.

LTC/USD range of $60 to the high, $55 to the low, at high risk of a breach.

The next major supports to the downside see at; $50, $44 and $40.

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