Analysis of the prices of Bitcoin, Ethereum, XRP for 09.10.2021

The new Bitcoin price high did not inspire market participants to create a strong bullish impulse. What awaits us at the endthis week?

BTC / USD

Yesterday in the morning the price of Bitcoin begangrow and was able to overcome the resistance of the 78.6% fibo level (55288.19 USD). At the same time, the October maximum was updated to 56168.00 USD, but the growth was not supported by large volumes and did not continue. 

In the afternoon the pair returned below the level78.6% Fibonacci within the side corridor, the lower border of which is the orange support 53400.00 USD. Tonight trading volumes have decreased and the pair is held in a narrow consolidation around the 54000.00 USD mark. 

On the daily time frame, Stoch indicator linesThe RSI is about to leave the overbought zone, forming a downward signal. If this weekend the bulls still manage to form a powerful bullish impulse, then the BTC price will test the resistance of 58000.00 USD. 

It should be borne in mind that further weakening of the bulls' onslaught will lead to the dominance of sellers in the market and a pullback below the support of 53400.00 USD.

ETH / USD

Yesterday's daily cryptocurrency highthe flagship did not particularly inspire Ethereum buyers to take active action. In the first half of the day, the price of ether approached the level of 3675.00 USD, but could not continue to grow. 

After lunch, the pair rolled back to the 3600 level.00 USD, and in the evening the pullback continued below the level of 3550.00 USD. Currently, the pair is consolidating in this area, awaiting signals from major market participants. 

If whales do not continue buying BTC this coming weekend, then the price of ETH will very quickly fall below the support of 3400.00 USD. 

XRP / USD

Yesterday the market did not live up to positive expectationsbuyers. There were no large purchases, and in the afternoon trading volumes fell below average, and the price of XRP smoothly rolled back to the four-hour moving average EMA55. This level of average prices keeps the pair from declining for now. 

If at the end of this week the bearish pressure increases, then the price of Ripple will roll back below the psychological level of 1.00 USD.

* All prices are based on BitStamp data

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