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Yesterday the bulls were unable to continue the market recovery. Low buying volumes led to a pullback below average prices.
Yesterday in the morning, buyers tried to continue the recovery. During the day, they managed to test the level of 52000.00 USD. The price of bitcoin could not break above.
In the evening, a pullback began, as a result of which the pair fell below the psychological mark of 50,000.00 USD. Today, the decline may continue to the POC indicator line, and if it does not stop the rollback, the price will reach the 61.8% fibo level (47745.25 USD).
ETH / USD
Buyers were unable to consolidate efforts yesterday and form a bullish momentum. As a result of day trading, the Ethereum price did not exceed 4130.00 USD. At the end of the day, the bears intensified their onslaught and the ether price rolled back below the psychological level of 4000.00 USD.
The pair tested the level of 3930.00 USD this morning. Now the decline has slowed down a bit, but will continue soon, and by the middle of this week the pair will reach the support of 3800.00 USD.
Yesterday, XRP price tried to continue to rise and broke the resistance of the 2-hour EMA55. Growth was not supported by large volumes and buyers failed to test the resistance of 0.960 USD.
In the evening, the pair reversed around 0.956 USD and over the past night broke through the support of 0.900 USD, setting a weekly low at 0.875 USD.
Some recovery of the pair is possible this morning, but in the near future the decline will continue to the level of 0.850 USD.
* All prices are based on BitStamp data
#Analysis #prices #Bitcoin #Ethereum #XRP