BTC / USD
Yesterday morning, weak support around 57100.00 USD halted the decline in the price of Bitcoin and the bulls resumed their attempts to overcome the resistance of 58000.00 USD. In the first half of the day, the price recovered to this key level and consolidated above it. During the day, the bulls intensified the onslaught, as a result of which the daily maximum was fixed at the level of 59380.00 USD.
At the end of the day, trading volumes decreased, the pair found support at the level of 58400.00 USD and consolidated sideways until the morning.
Judging by the short pullback, today the bulls intend to continue the pair’s recovery to the area of ​​the monthly high. However, since last week, the recovery has not been supported by large volumes. If this trend continues on the last day of the month, then the bulls will not have time to get to the March high.
Another obstacle on the way to renewing the high is psychological resistance at the level of 60,000.00 USD. This level has already turned the pair into a rather deep retracement several times. There is no firm confidence that today the bulls will be able to break through the bears’ defenses and gain a foothold in the maximum zone.
At the same time, a rather powerful bullish impulse from a large buyer is capable of breaking through the psychological level of USD 60,000.00 and renewing the absolute maximum in the area of ​​USD 62100.00 in early April.
ETH / USD
Yesterday morning, the sales volumes were rather small, so the pullback of the ether price was not deep. Buyers found support around the POC line and tried to restore the price to the upper border of the blue channel.
By the end of the day, the pair was able to test the resistance at 1860.00 USD, which keeps the price of ETH in a sideways range until this morning. If the bulls can increase buying volumes, then today they would update the March high around 1950.00 USD.
If the upper border of the blue channel keeps the pair in a sideways range, then the price will roll back to the two-hour EMA55.
XRP / USD
Yesterday the XRP price failed to break above the level of 0.580 USD and at the end of the day returned to the level of 0.560 USD. The lack of a pronounced recovery dynamics in the pair above the 0.600 USD resistance could trigger a pullback below the two-hour EMA55.
Strengthening the positions of sellers in the market may lead to a fall in prices below the psychological mark of 0.500 USD.
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