BTC / USD
Despite the overbought market, yesterday morning the growth continued on decreasing volumes, and the bitcoin price renewed its absolute maximum, setting it at 64896.75 USD.
On the way to the 65000.00 USD mark, sellers sharply increased their selling volumes, and a strong bearish momentum pushed the price back to the 63000.00 USD area, and by the end of the day the pair tested the two-hour EMA55, setting a daily low.
The moving average EMA55 stopped a sharp rollback and over the past night the price recovered slightly. On the daily time frame, the Stoch RSI indicator lines have not yet left the overbought zone, so today the decline may continue below the level of average prices.
A decline to the level of 61000.00 USD will generate interest among potential buyers and will contribute to the recovery of the pair.
ETH / USD
Yesterday morning, the bulls were able to easily test the level of 2400.00 USD, setting a high at 2402.50 USD. In the afternoon, the bearish momentum pushed the price back to the support of 2300.00 USD, but late at night, buyers achieved a recovery in the pair, and this morning renewed the all-time high around the level of 2452.00 USD.
Now the volume of purchases has decreased, but the growth may still continue to the area of 2500.00 USD, and by the end of the day the pair will roll back to the blue trend line.
XRP / USD
Buyers pierced the upper trendline yesterday morning and tried to test the psychological level of two dollars per coin. The growth took place on decreasing volumes, and after the maximum at the point of 1.967 USD, the pair rolled back to the lower border of the ascending channel.
The bearish momentum was quite strong – the daily low was set at 1.561 USD. However, the trend line kept the pair from falling further and the price returned to the upward channel.
If buyers continue to pump the XRP price today, then the two-dollar milestone will be overcome.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.