Bitcoin Price Analysis, Ethereum, XRP as of 19.06.2020

Will buyers be able to restore prices to the zone of recent highs before the end of this week?

BTC / USD

Pressingon the part of the sellers did not allow the price of BTC yesterdayconsolidate above the two-hour EMA55. The pair rolled back to the zone of the recent low, but still retained its chances of breaking through the resistance at 9800.00 USD and re-testing the psychological level of 10,000.00 USD. 

If buyers increase volumes today, the pair may recover to the 38.2% fib level (9441.98 USD), and by the end of the week we should expect a maximum of around ten thousand. 

ETH / USD

Trading volumes were low yesterday and buyers were unable to overcome the resistance of 233.33 USD. Sellers acted a little more actively and pushed the ETH price to the area around 226.00 USD. 

If buyers are unable to increase volumes, thenthe decline will continue to the 100% fib level (222.98 USD). We believe that this support will stop the decline and the price will recover to the POC line area (243.37 USD). 

XRP / USD

Yesterday, sellers retained the initiative and, on small volumes, pushed the Ripple price below the support of 0.190 USD. This morning they managed to set a local minimum at 0.187 USD. 

If buyers can't resist anythingprice decline, the rollback may continue to the upper purple border of the descending channel. If the volume of purchases manages to increase, the pair will return to the area of ​​average prices. 

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