Analysis of prices for Bitcoin, Ethereum, Ripple for 01/12/2021

Sales volumes started to decline last night and the market stopped its dynamic decline.

BTC / USD

YesterdayIn the morning there seemed to be weak support at 32600.00 USD will be able to stop the decline in the price of BTC, but in the afternoon sellers pushed through this support level, and the pair continued to fall to the psychological level of 30000.00 USD. 

In the evening, a local minimum was set at 30260.00 USD, and before the end of the day, sales volumes decreased, and the price was able to rebound to the support area of ​​32600.00 USD. 

Tonight, buyers tried to continue recovering to the area of ​​average prices, but until the morning the pair was unable to test the hourly EMA55, which is at the level of 36000.00 USD. 

We believe that today attempts to return the price highermoving average EMA55 will resume, and if buyers are able to overcome this resistance, then the pair may consolidate at the level of average prices in sideways consolidation.

ETH / USD

Yesterday the psychological milestone was 1000.00 USD was unable to stop the price of Ether from falling, and throughout the day the decline continued to the daily low at 911.00 USD. When the bearish pressure stopped, the price rebounded above the thousand dollar mark and is still trying to find support in the 1050.00 USD area until this morning. 

If today's buyers can stay inarea of ​​average prices, then further decline will be avoided. If you fail to break above the hourly EMA55, the rollback will continue below the support of 890.00 USD. 

XRP / USD

Yesterday, support in the area of ​​0.260 USD stopped the decline in the price of Ripple and the pair recovered above the lower border of the side corridor 0.280 USD. 

Buyers have not yet been able to overcome the two-hourEMA55, but if sales decrease today, then the price will test the upper border of the 0.310 USD corridor and will consolidate in this sideways range for a short time.

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

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