Analysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 02.29.2020

Until the end of the week, prices may remain flat.

BTC / USD

Sellers were active yesterday and the price of Bitcoin did notmanaged to stay in the orange sideways corridor. The bears continued their onslaught and updated the February minimum in the region of 8400.00 USD.

In the evening the pressure eased and the pair recoveredthe lower boundary of the orange corridor of 8800.00 USD. Buyers have not yet been able to overcome this resistance, but attempts to return to the corridor of $8800 - $9200 will be repeated today.

Until the end of the week, the BTC price will be located in an expanding sideways range, and may test the resistance of 9200.00 USD.

ETH / USD

The price of ether maintained its dynamics in the narrowing yellow range.

We believe that this trend will not continue this weekend.will be broken and the pair will continue to move in a flat, with a fading amplitude of oscillations, striving for an equilibrium price in the area of ​​the Point Of Control indicator line.

XRP / USD

Yesterday, buyers were unable to strengthen their presence in the market and the price of Ripple remained in a narrowing blue corridor.

We believe that the pair will spend time in this sideways range until the beginning of next week, and on Monday buyers will try to restore the price to the resistance area of ​​0.266 USD.

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