BTC / USD
Yesterday morning, the bulls were unable to continue the race to a new high. Sellers on small volumes pushed through the support of 52000.00 USD and tested the level of 51000.00 USD.
Until the end of the day, the pair was moving sideways, and tonight the local minimum was set at 50627.00 USD. If today the pair manages to stay in the ascending channel above the blue trend line, then before the end of the week, we can expect the continuation of the bull run to the area of 54000.00 USD.
If the bears push through the trend line in the area of the psychological mark of 50,000.00 USD, then the price will turn to decline and the market expects a significant correction. The first support level in such a pullback may be the line at around 48000.00 USD.
ETH / USD
Ethereum price yesterday did not stop trying to gain a foothold above the level of 1900.00 USD. At the end of the day, buyers broke through the resistance of 1920.00 USD and renewed an all-time high around 1950.00 USD tonight.
The bears reacted with selling, which forced the pair to test the support of 1900.00 USD.
In the morning, the ether price bounced to yesterday’s resistance of 1920.00 USD, and if the volume of purchases increases above the average level, then in the near future the bulls will overcome the psychological boundary of 2000.00 USD.
XRP / USD
Yesterday morning, after another unsuccessful attempt by buyers to break through the resistance of the uptrend line, the pair rolled back to the average price area and until this morning consolidated in a narrow sideways corridor with support at the four-hour EMA55 level.
Bears are trying to break this moving average, but sales volumes are still too small. If during the day the selling pressure increases, then the bears will roll back the XRP price below the psychological level of 0.500 USD.
If the trades are held at the same small volumes, then the movement in a narrow sideways range will continue.
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