October 2, 2022

Analysis of prices for Bitcoin, Ethereum, Ripple for 01/02/2021

Analysis of prices for Bitcoin, Ethereum, Ripple for 01/02/2021

Yesterday the BTC price failed to test the USD 30,000.00 level. Today we can expect a breakthrough of this psychological frontier.

BTC / USDAnalysis of prices for Bitcoin, Ethereum, Ripple for 01/02/2021

On the first day of the new year, the BTC price was updatedhigh at 29700.00 USD and rolled back to the hourly EMA55. This moving average kept the pair from further decline and tonight the price fully recovered to the area of ​​yesterday's high.

Growth will continue today and it looks likethe psychological barrier of 30,000.00 USD will be overcome. If the trading volumes increase, then a re-test of the 31,000.00 USD level is possible due to the hype, and low buying volumes will keep the pair above the average price level.

ETH / USDAnalysis of prices for Bitcoin, Ethereum, Ripple for 01/02/2021

Customers were unable to increase volumes yesterday morningand the ETH price rolled back from the upper border of the ascending channel. At the end of the day, the pair pierced the two-hour moving average, but managed to stay above this level of average prices.

Now buyers are trying to continuerecovery, but trading volumes are still at a low level, so there is practically no recovery dynamics, and if sellers push through the level of average prices, the pair will roll back to the support of 700.00 USD.

XRP / USDAnalysis of prices for Bitcoin, Ethereum, Ripple for 01/02/2021

Yesterday morning, the two-hour moving average EMA55 held back the recovery dynamics of the Ripple price and the pair got stuck in a very narrow sideways at the level of average prices.

Trading volumes are very low this morning, and even a slight advantage of sellers could lead to a pullback below the support of 0.213 USD.

On the other hand, if buyers hold above the moving average, they will be able to test the resistance of 0.310 USD by the end of this week.

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

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