Will the support at 30,000.00 USD be able to limit the Bitcoin price correction or will the bears continue to decline?
BTC / USD
Yesterday the bears retained control of the market andgradually reduced the price of BTC. In the afternoon, they managed to pierce the psychological support of 30,000.00 USD, but by the end of the day the pair was able to recover and is now holding above this level.
Today buyers will try to continue the recovery towards the average prices. If they break the resistance of the 2-hour EMA55, then the price will test the purple downtrend line.
ETH / USD
Yesterday sellers pushed the support of 1250.00 USD and tested the blue uptrend line. This trend line limited the pair's decline, marking the lower border of the sideways trend.
If today buyers break through the resistance of the moving average EMA55, then the pair may leave the side range and test the resistance of 1400.00 USD.
XRP / USD
Yesterday the XRP price broke the 0.260 USD support and came close to the 0.240 USD level.
Today the pair may recover to yesterday's support level of 0.260 USD. If buyers overcome this level, then the price will be able to gain a foothold within the sideways range of $ 0.280 - $ 0.310.
* All price values are based on data from the BitStamp exchange
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