Analysis of prices for BTC, ETH, XRP (09/28/21)

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BTC/USD

Yesterday morning, buyers did not manage to increase volumes, and during the day the price of bitcoin gradually decreased to the fifty percent Fibonacci level (42447.96 USD).

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Tonight, a weak bearish momentum tried to break through this level and set a local minimum at 41982.59 USD, but in the morning the price returned to 50% Fibo (42447.96 USD).

The price of BTC may linger in a short consolidation at this level, but with the strengthening of the bearish onslaught, the decline will continue below the psychological mark of 40,000.00 USD.

ETH / USD

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Yesterday morning, the Ethereum price was unable to continue its recovery to the resistance of 3200.00 USD. Tight pressure from sellers pushed the pair back to the psychological level of 3000.00 USD, and in the evening the bears intensified the pressure and this morning the pair tested the level of 2900.00 USD.

After a minor recovery, the decline will continue below the support of 2800.00 USD. We believe that by the end of the month the bears will have time to update the September low around the 2500.00 USD mark.

XRP/USD

The XRP price recovery stopped at 0.982 USD yesterday morning. During the day, sellers returned the pair below the three-hour EMA55, and at night the decline continued to the level of 0.922 USD.

Today the pressure may increase and the price will roll back below the support of 0.900 USD. It can be assumed that the target bearish level is the support at 0.800 USD. We believe that the pair will manage to mark a new monthly minimum in this area by the end of the month.

* All prices are based on BitStamp data

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