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Sellers dominated the market yesterday and pushed the Bitcoin price back to the weekly low.
Yesterday, the BTC price was unable to overcome the two-hour EMA55 and rolled back to the 61.8% fibo level (47745.25 USD).
At night, the bears pushed the pair back to the zone of the weekly low, and this morning the pressure has eased and the price has recovered to the area of 48600.00 USD. This recovery took place at low volumes, so there is a high probability that our negative scenario will be fulfilled by a rollback to the support of 46000.00 USD.
ETH / USD
Yesterday, the bears pushed through the green support of 4300.00 USD and pulled back the Ethereum price below the two-hour EMA55. Late at night, the ether price tested the POC indicator line (4070.33 USD) and the pair’s decline stopped.
Until this morning, the pair has consolidated sideways, but if the bears push through the Point of Control line, a pullback below the psychological level of 4000.00 USD is possible.
The two-hour EMA55 kept the XRP price from falling yesterday morning, and in the first half of the day the pair recovered to the daily high around the 0.935 USD mark.
After lunch, negative market sentiment pulled the Ripple price down and the pair returned to the mid-range.
Until this morning, the moving average EMA55 keeps the price in a narrow sideways consolidation, but if sellers push this level, the pair will roll back to the blue support of 0.800 USD.
* All prices are based on BitStamp data
#Analysis #prices #Bitcoin #Ethereum #XRP