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Market capitalization has recovered above the psychological $ 2 trillion mark. Will the buyers be able to continue the market recovery or will they again give the initiative to the bears?
BTC/USD
Yesterday in the morning, the bitcoin price consolidated above the 50% fibo (42447.61 USD), and by the end of the day it was able to test the level of 44000.00 USD. The daily maximum was recorded at the level of 44 337.00 USD.
The volume of purchases decreased tonight and the growth has stalled. During the day, a pullback to the two-hour EMA55 is possible. If sellers do not return the pair below the average price level, then the recovery will continue to the resistance of 46000.00 USD.
ETH / USD
Ethereum price consolidated above 3200.00 USD yesterday. At the end of the day, the pair tested the green resistance of 3400.00 USD.
Over the past night, the price of ether fell back to the 3300.00 USD mark. The pullback took place on declining volumes, so it can be assumed that this morning buyers will try to continue to rise and break through the resistance of 3400.00 USD.
For further recovery, it is very important that the pair consolidates above this green level. Then you can count on the growth to the area of 3800.00 USD.
XRP/USD
Yesterday, the XRP / USD pair consolidated above the average price level. During the day, the recovery continued to the resistance of 0.800 USD.
Until now, the Ripple price has not been able to break this level. Perhaps, after a rollback to the two-hour EMA55, buyers will try to break through to the POC line (0.827 USD) again today. A positive signal will be the consolidation of the pair in a narrow sideways range on the Point Of Control indicator line.
* All prices are based on BitStamp data
#Analysis #prices #Bitcoin #Ethereum #XRP
