Analysis of prices for Bitcoin, Ethereum, Ripple for 01/11/2021

A significant market correction has led to a decline in prices below average. What levels of support can stop rollback?

BTC / USD

At the end of last week, the difficulty of mining BTCgrew by 11% and this led to spikes in sales. On Sunday, the bears pushed through the moving average EMA55, and this morning they tested the level of 34000.00 USD.

Intense fall in the price of bitcoin caused a stirin the market and the pair may continue to decline to the area of ​​barely noticeable support at 32600.00 USD. If this support does not weaken the onslaught of sellers, the price will test the psychological level of 30,000.00 USD by the end of the day.

If buyers stop falling, they will try to restore the pair to the area of ​​average prices.

ETH / USD

Last Saturday, buyers consolidated in a sideways range at the level of average prices, and on Sunday the bulls were able to set a new January high around the 1353.00 USD mark.

In the second half of the day, the price of the ether returned to the hourly moving average EMA55, and tonight the bears pushed through this support and in the morning were close to the te-test of the psychological level of 1000.00 USD.

At the moment, the price bounced to the area of ​​1100.00 USD, and if the bearish pressure stops at the same time, the pair will recover to the area of ​​average prices.

If the bearish momentum repeats, the pair will roll back to support at 890.00 USD.

XRP / USD

Yesterday, buyers tried to continue the XRP price recovery above the January high of 0.372 USD, but the market correction resulted in a pullback, as a result of which the pair tested the 0.260 USD support.

This morning, the price bounced back and withinof the day, buyers will try to return the pair to the side channel of $ 0.280 - $ 0.310. However, if the bears intensify the onslaught, then the Ripple price will drop to the POC line (0.228 USD).

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

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