Bitcoin Price Analysis, Ethereum, Ripple on 03.12.2020

The market is consolidating in the area of ​​average prices. Will buyers be able to continue their recovery into the APR zone?Highs?

BTC / USD

Yesterday morning sales volumes decreased and pricesBitcoin recovered above the hourly EMA55. During the day, trading volumes did not exceed the average level, so buyers were unable to gain a foothold above the resistance of 19300.00 USD. 

Rising lows on the hourly time framethey are talking about the bulls preparing for a new attempt to gain a foothold above the 100% Fibonacci level. However, if the bears defend this strong resistance level, the pair may roll back to the support at 17600.00 USD. 

ETH / USD

Yesterday, in the morning, buyerstried to break above the resistance of 600.00 USD, but the recovery was not supported by large volumes, and it was not possible to gain a foothold above the POC line (596.85 USD). 

This morning, purchase volumes are still very low, but buyers are again storming the Point Of Control indicator line. 

If the bears do not allow the price of ether to recover above 600.00 USD, the pair mayroll back to the $550.00 area, where the Ema55 is six hours.to support buyers in another attempt to update the annual maximum.

XRP / USD

Yesterday there was no strong pressure from the bears, and the Ripple price consolidated in a sideways corridor with support at 0.600 USD. 

Tonight the pair recovered above the hourly rateEMA55, but buying volumes are extremely low and the consolidation range is narrowing. If the POC line (0.619 USD) keeps the price from falling, then the recovery may continue to the area of ​​0.700 USD. 

* All price values ​​are based on data from the BitStamp exchange

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