Analysis of prices for BTC, ETH, XRP (24.02.21)

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BTC / USD

Yesterday in the morning, the bearish onslaught broke through the rather strong support at 48000.00 USD. The decline in the pair began to slow down only around the 46000.00 USD mark. The sellers managed to pierce this support level as well, while the daily low was fixed at 44845.72 USD.

In the afternoon, trading volumes dropped below average, and late at night, the pair began to recover, bringing the Bitcoin price back above the psychological $ 50,000.00 mark. This recovery has not been supported by large volumes, so we are unlikely to see further price increases this morning.

However, if the pair can hold above the support of 48000.00 USD, then in the second half of this week one can count on the return of the BTC price to the upward channel. At the same time, the two-hour EMA55 and the rising trendline will act as serious resistance levels.

ETH / USD

Yesterday morning, the bears increased pressure and broke through the strong support at the level of 1500.00 USD. The local minimum was set at around 1353.00 USD. During the day, the volatility of the ETH price persisted.

At night, when the volume of sales declined, the pair was able to recover above the level of 1600.00 USD. If buyers are able to continue the recovery today, then the price could test the blue trend line. A breakthrough of this resistance will allow the ether price to consolidate in the consolidation at the level of 1800.00 USD before the end of the week.

XRP / USD

Yesterday, bearish momentum broke through the 0.500 USD support and pushed the XRP price back below the 0.450 USD level. Sellers managed to pierce the blue channel and set the daily low at 0.368 USD.

Recovery began in the afternoon and the pair is back to the psychological 50 cents this morning. If buyers fail to restore the price above the level of 0.50 USD, then in the second half of this week the pair will consolidate in the blue sideways channel.

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