March 29, 2024

Analysis of prices for Bitcoin, Ethereum, Ripple for 01/06/2021

Analysis of prices for Bitcoin, Ethereum, Ripple for 01/06/2021

The price of BTC has recovered to the area of ​​recent highs, but will the bulls be able to continue their run today?overheated market?

BTC / USDAnalysis of prices for Bitcoin, Ethereum, Ripple for 01/06/2021

Yesterday, in the morning, price reductionBitcoin was limited to the level of 30,000.00 USD. During the day, buyers were able to gain a foothold above the average price level and until this morning the pair returned to the area around the 34,000.00 USD mark, located in a narrow side corridor. 

Trading volumes – at an average level, and ifthe bulls want to continue their run to the area of ​​36000.00 USD, then they need to increase their purchase volumes. If buyers fail to shake up the overheated market, then sellers may roll back the price below the hourly EMA55. 

ETH / USDAnalysis of prices for Bitcoin, Ethereum, Ripple for 01/06/2021

Yesterday morning, the price of Ethereum fell below the psychological level of 1000.00 USD, but buyers were able to stop the decline in the area of ​​the hourly moving average EMA55. 

During the day, on average volumes, the price recovered to the area of ​​the January highs, but the bulls are not yet able to continue growing, as sellers periodically push the pair into pullbacks. 

If the bears are unable to push through the average price level, then buyers will try to continue growing to the area of ​​1200.00 USD. 

XRP / USDAnalysis of prices for Bitcoin, Ethereum, Ripple for 01/06/2021

Ripple price consolidated in a narrow sideways trendlevel of the POC line (0.228 USD). Despite a surge in sales volumes above average, the pair was able to stay above the upper border of the blue corridor (0.213 USD). 

If by the end of the week the bears are able to push through the support of 0.213 USD, then the price will roll back to the lower border of the side range, to the area of ​​December lows. 

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

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