BTC/USD
Yesterday, the bitcoin price continued to consolidate in a sideways corridor. After retesting the upper border of the blue range (35000.00 USD), the pair returned to its lower value (34000.00 USD). Tonight, the bears continued their decline and broke through the dotted support line of the orange “pennant”.
In the morning, the decline stopped around the 33,000.00 USD mark, but if the bears intensify the onslaught, then the BTC price will roll back to the weak support of 32,500.00 USD.
If buyers are able to seize the initiative, then during the day the pair will return to the upper border of the “pennant”. At the same time, one should take into account the possibility of a false bullish breakout to the 38.2% fibo level (37150.24 USD).
ETH / USD
Yesterday morning, the Ethereum price was able to test the resistance of 2400.00 USD, but buyers could not continue the recovery above this level. In the second half of the day, the ether price returned to the area of average prices, and late at night, the bears broke through the support of the upward orange trendline, which kept the pair from deep pullback for more than a week.
As of this morning, the decline has stopped around the level of 2218.00 USD, but if sellers intensify the onslaught, a pullback to the POC line (2111.90 USD) is possible.
XRP/USD
During the day yesterday, the pair consolidated in the area of average prices, and late at night the bears pulled the XRP price back to the weekly low at 0.627 USD.
In the morning, buyers tried to restore the pair, but the price stuck around the 0.640 USD mark, and if sellers intensify the onslaught, today the pair will test the intended bearish target at 0.600 USD.
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