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

A significant market correction has resulted in prices falling below average. What levels of support will be able tostop rollback?

BTC / USD

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

The intense fall in the price of Bitcoin has caused a stirin the market and the pair may continue to decline to the area of ​​barely noticeable support at the level of 32600.00 USD. If this support does not weaken the pressure of sellers, then by the end of the day the price will test the psychological mark of 30000.00 USD. 

If buyers stop the fall, they will try to restore the pair to the average price area. 

ETH / USD

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

In the afternoon, the price of ether returned tohourly moving average EMA55, and tonight the bears pushed through this support and in the morning were close to a test of the psychological mark of 1000.00 USD. 

At the moment, the price has rebounded to the area of ​​1100.00 USD and if the bearish pressure stops, 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 continueXRP price recovered above the January high of 0.372 USD, but the market correction led to a pullback, as a result of which the pair tested the support of 0.260 USD. 

As of this morning, the price rebounded and withinof the day, buyers will try to return the pair to the side corridor $0.280 – $0.310. However, if the bears increase their pressure, then the price of Ripple will sink to the POC line (0.228 USD). 

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

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