Analysis of prices for BTC, ETH, XRP (08.10.21)

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BTC/USD

Yesterday morning, buyers were unable to overcome the resistance at the 78.6% fibo level (55288.19 USD) and the bitcoin price rolled back to the support of 53400.00 USD. Selling pressure has so far been limited to orange support, but if the bears intensify the onslaught, the price may retrace to the psychological level of 50,000.00 USD.

On the other hand, if today buyers overcome the resistance of the 78.6% Fibonacci level, then the growth will continue to a new October high in the region of 58000.00 USD.

ETH / USD

Yesterday morning, buyers took advantage of the weak support at 3500.00 USD and started testing the strength of the resistance at 3600.00 USD. As a result, the ETH price marked a new maximum around the level of 3654.00 USD, but it has not yet been possible to gain a foothold above the level of 3600.00 USD.

If sellers increase volumes, then the pullback may reach support at 3400.00 USD.

It is possible that the locomotive of the crypto market today will continue to grow to a new monthly maximum, then the price of Ethereum will move up to resistance in the region of 3830.00 USD.

XRP/USD

Yesterday, sales volumes were below average and the XRP / USD pair consolidated sideways, taking advantage of support around USD 1.050.

Buyers did not show much interest in the asset, because of this, the XRP price significantly narrowed the consolidation range. If today the positive sentiment on the market forces the price to leave the narrowing corridor, the pair may consolidate above the POC indicator line (1.115 USD).

* All prices are based on BitStamp data

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