Yesterday in the first half of the day, buyers kept the pair in the area of average prices. In the afternoon, sales volumes began to increase and the price rolled back below the support of USD 36,000.00, and at the end of the day, the bears broke through the USD 34,000.00 level.
As of this morning, the bearish momentum has broken through the support of 33000.00 USD and the price of bitcoin continues to decline. We believe that the decline will slow down around the 23.6% Fibo level (30595.44 USD), and after the retest of the psychological mark of 30,000.00 USD, the pair may consolidate in the sideways direction.
ETH / USD
Yesterday, buyers were unable to form a bullish momentum and break through the resistance of 2800.00 USD. In the afternoon, the bears intensified the onslaught and rolled back the Ethereum price below the three-hour EMA55.
As of this morning, the pair has broken through the support of the weekly sideways range of 2500.00 USD and continues to decline. We believe that in the near future the price will reach the last week’s minimum zone of USD 2300.00 and slow down the decline around USD 2200.00.
Yesterday XRP price reversed around the moving average EMA55 and retraced below 0.850 USD. This morning, the pair reached a minimum at 0.828 USD, slowing down the decline, but the fall is not over yet.
In the near future the price will test the level of 0.800 USD and try to consolidate sideways.