BTC / USD
Buyers increased their volumes yesterday morning and continued their bull run, setting the daily high around the 51,720.00 USD mark. After lunch, the volume of purchases decreased, but at the end of the day, a new bullish impulse was formed, which updated the absolute price record for Bitcoin to 52,640.00 USD. At the same time, the total capitalization of the cryptocurrency market exceeded $ 1.5 trillion.
Growth stopped overnight and the BTC price consolidated in a narrow sideways range with support at USD 52,000.00. It looks like the bulls are going to continue running into the USD 54,000.00 area this morning.
On the daily timeframe, the Stoch RSI indicator lines in the overbought zone are approaching the level of 100. Bears are expected to attack soon. Will the psychological mark of 50,000.00 USD then act as a support level? Perhaps the bears will manage to form an impulse that will break the uptrend line and send the pair into a protracted correction.
ETH / USD
Yesterday morning, support at 1750.00 USD stopped the decline and reversed the ETH price to recover. Before lunchtime, the buyers managed to overcome the resistance of 1800.00 USD, and at the end of the day they restored the pair to the zone of the recent maximum.
Tonight the ether price set a new absolute maximum at 1918.00 USD, and in the morning a pullback began, which could return the pair to the average price area (1800.00 USD).
If the two-hour EMA55 stops the decline, then before the end of this week the ETH / USD pair will have time to test the psychological level of 2000.00 USD.
XRP / USD
Yesterday bears failed to break through the support of the psychological level of 0.500 USD. XRP price has recovered above the four-hour moving average, but further growth in the pair is limited by the resistance of the uptrend line.
If buyers are able to break through the trend line today and gain a foothold above it, the price will test the orange resistance of 0.600 USD by the end of the day.
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.
