After updating the historical maximum, the bitcoin price rolled back to the 100% fibo level (64895.22 USD) yesterday and tried to stay above it in the first half of the day.
However, in the afternoon, the volume of purchases decreased and sellers began to dominate the market. The bears managed to push through the support of the 100% Fibonacci level and roll back the price below 63000.00 USD. At the end of the day, the pair tested the level of 61850.00 USD, after which the decline stopped.
On the daily time frame, the Stoch RSI indicator lines left the overbought zone for the first time this month, indicating a possible continuation of the decline. If bearish pressure intensifies, then the pair may retrace below the psychological level of 60,000.00 USD and test the support of 58,000.00 USD.
Last night, the BTC price was in sideways consolidation, and in the morning the pair recovered to the level of 63,000.00 USD. If today the whales of the market try to resume the bull run, then there is some probability that the pair will return to the zone of the absolute maximum.
ETH / USD
Yesterday, after a short pullback, the Ethereum price tried to continue its rise to the all-time high of 4380.00 USD. During the day, the pair was very close to a new all-time high, but the bulls did not manage to update it.
When Ether hit 4375.00 USD, strong bearish momentum tested the support at 3380.00 USD. Quite often, the Bitstsmp exchange records transactions for not market prices… On other exchanges, the pair held above the psychological level of 4000.00 USD.
At night, the ETH price consolidated sideways and in the morning recovered to the area of 4150.00 USD. If a major buyer supports the growth, it is possible that the bulls will run today into the zone of a new all-time high around the 4500.00 USD mark.
On the other hand, bearish pressure may increase somewhere at the level of 4200.00 USD, then the market will roll back below four thousand and test the support of 3800.00 USD.
Yesterday, despite the large trading volumes, the XRP price growth was rather sluggish and completely stopped during the day. The pair did not manage to renew the monthly maximum and following the general dynamics of the crypto market, Ripple sank below 1.100 USD.
The asset was trading in the area of 1.090 USD tonight. In the morning, the price recovered above 1.100 USD and the growth may continue to the area of 1.140 USD.
However, if bears take over the crypto market in the afternoon, the XRP price will roll back to the psychological support of 1.00 USD.
* All prices are based on BitStamp data
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