Analysis of prices for BTC, ETH, XRP (21.10.21)

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BTC/USD

During the day yesterday, the bitcoin price consolidated in a very narrow sideways range in the immediate vicinity of the 100% fibo level (64895.22 USD). In the evening, buyers formed a strong bullish momentum and broke through the level of the historic high. A new all-time high was set at around 67,000.00 USD.

By the end of the day, the volume of purchases decreased and the bull run stopped. As of this morning, the price has retraced to the area of ​​the 100% Fibonacci level (64895.22 USD). If this level acts as a support, then today the bulls will be able to continue their run into the area of ​​69000.00 USD.

On the other hand, on the daily time frame, the Stoch RSI indicator lines have been in the overbought zone since the beginning of October. If the bears stop the bull run, then the bitcoin price will return to the nearest support level in the region of 63,700.00 USD.

ETH / USD

Yesterday the bulls overcame the psychological level of 4000.00 USD and broke into the zone of the five-month high.

It has not yet been possible to update the absolute maximum of the Ethereum price set in May this year. Growth stopped around 4243.00 USD.

We believe that today, after a small pullback, the bulls will be able to continue the race and move the historical maximum of Ethereum to the area of ​​4500.00 USD.

XRP/USD

Yesterday afternoon, XRP price broke through the four-hour EMA55 resistance and consolidated above this moving average. Weak growth to the area of ​​1,200 USD continued at night, but the price did not manage to break through to the zone of the last week’s high.

If today the cryptocurrency flagship shows positive dynamics and the bulls continue to run, then the Ripple price will be able to renew the monthly maximum, approximately in the area of ​​1.250 USD.

* All prices are based on BitStamp data

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