Bitcoin, Ethereum, XRP price analysis 06/18/2020

Sellers still maintain control in the market, but growth may continue until the end of the week.

BTC / USD

Yesterday priceBitcoin broke through the support of 9300.00 USD, but managed to return to the average price area before the end of the day. During the Asian session, the pair tried to gain a foothold in the area of 38.2% fib (9441.98 USD). 

If buyers can stay above this Fibonacci level, then yesterday’s forecast of a recovery to the resistance area of 9800.00 USD remains valid. 

If the sellers keep pressure and pushIf the BTC price is lower than the two-hour EMA55, then the rollback will repeat, but may be a little deeper than yesterday. We believe that the pair will fall to the area of 9100.00 USD. Such a pullback will save the bulls chances to return to the psychological mark of 10,000.00 USD by the end of the week.

ETH / USD

Yesterday the price of Ethereum broke through the level of 230.00 USD, setting the daily low at 227.56 USD. Before the end of the day, the pair recovered to the support of 233.33 USD. During the Asian session, trading volumes were below average and the pair was unable to continue rising towards the POC line (243.36 USD). If buyers increase volumes today, the recovery will continue. 

However, if in the area of average prices there is more activityIf there are sellers, they can push the price of ETH to the area around 225.00 USD. We believe that even a retest of the 100% fib level (222.98 USD) will not cancel the bullish scenario for breaking through the resistance of 247.00 USD, announced at the beginning of the week. 

XRP / USD

Yesterday buyers tried to testthe psychological mark of 0.200 USD, but sellers reacted with a rather strong bearish impulse, which broke the support of 0.190 USD. However, this level was able to stop the pullback and returned the pair to the average price area. 

If buyers consolidate above the two-hour EMA55, they will be able to break through the psychological level of 0.200 USD. 

If bears dominate the market today, the price will drop to yesterday’s low. 

* All price values are based on data from the BitStamp 