BTC/USD
Yesterday afternoon, the bulls managed to strengthen the onslaught and overcome the resistance of 40,000.00 USD. The daily high was fixed at the point 41050.00 USD. By the end of the day, the volume of purchases decreased and the price again rolled back below forty thousand.
Over the past night, buyers fully restored the bitcoin price to the zone of yesterday’s high, and today it is possible to continue to grow to the fifty percent Fibonacci level (42447.96 USD).
If buyers are able to increase volumes again, then the price will consolidate above the 50% fibo level in short-term consolidation.
ETH / USD
Yesterday in the morning, the Ethereum price consolidated in the area of 2500.00 USD. After lunch, the volume of purchases increased slightly and the pair tested the level of 2600.00 USD.
At the end of the day, sellers pushed the price out of the daily high, and this morning the pair has renewed its weekly high to the level of 2625.00 USD.
With such small buying volumes, it will be quite difficult for the ether price to break through to the 2800.00 USD area, however, if the pair gains a foothold above the four-hour EMA55, then in the second half of the week it may rise to the psychological level of 3000.00 USD.
XRP/USD
Buyers failed to form a strong bullish momentum yesterday. XRP price was able to test only the 0.930 USD level and returned to the POC line (0.875 USD).
Today, another attempt of the bulls to overcome the psychological level of 1.00 USD is possible. We believe that this time the pair will be able to consolidate in the consolidation around one dollar.
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.