Bitcoin Price Analysis, Ethereum, Ripple on 04.11.2020

Yesterday, the BTC price failed to reach its annual high. Will the bulls be able to continue their run today and test$14,400.00?

BTC / USD

The preponderance of forces in yesterday's morning confrontation between bulls and bears at the level of the four-hour EMA55 was on the side of buyers, and the Bitcoin price recovered into an ascending channel. 

Before the end of the day, the couple established themselves in the areamark 13600.00 USD, and tonight the recovery continued to the annual maximum zone. The growth took place on average volumes, but it was not possible to update the maximum until the morning. 

If today the bulls increase their purchase volumes, then the annual record price of BTC can be expected in the area of ​​14400.00 USD. 

It should be noted that in the highly liquid marketaltcoins, yesterday’s price recovery indicators were far from annual record levels, and were mostly limited to the level of average prices. The lack of support for the growth of market capitalization from alts may indicate an artificial pumping of the price of the cryptocurrency flagship. 

Now there is a high probability that the first powerful bearish impulse can break up the optimistic mood of the market for the continuation of the bull race, and the price of BTC will fall sharply into the area of 12000.00 USD.

ETH / USD

Yesterday, buyers restored the price of Ethereum highersupport at 380.00 USD, but until this morning the bulls were not able to test the psychological mark of 400.00 USD. The recovery of the price of ether was stopped by the four-hour moving average EMA55. If today buyers break through this level of average prices, then growth will continue to the area of ​​420.00 USD. 

If the activity of buyers is low, the bears will continue to drop lows.Another decline in this purple chain is forecast at $360.00.

XRP / USD

Yesterday's Ripple price recovery got bogged downPOC lines (0.242 USD). In the first half of the day, buyers broke through the average price level, but failed to continue growing above the four-hour EMA55. 

A not too deep rollback gives little hope forcontinuation of recovery to the area of ​​the ascending green trend line. However, if buyers are unable to break through the Point Of Control indicator line (0.242 USD), then the bears will push through the support at 0.230 USD and roll the pair back to the 0.220 USD mark.  

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

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