September 26, 2022

Analysis of prices for Bitcoin, Ethereum, Ripple for 02/05/2021

Analysis of prices for Bitcoin, Ethereum, Ripple for 02/05/2021

Despite yesterday's pullback, the Bitcoin price is holding above the average price level and may soon continue recovery.

BTC / USDAnalysis of prices for Bitcoin, Ethereum, Ripple for 02/05/2021

Yesterday, sellers took over the initiative and withinof the day they tried to roll back the bitcoin price to the support of 36000.00 USD. In the second half of the day, the pair tested the level of USD 36,200.00, the sales volumes decreased and the price stopped the decline.

Weak recovery on declining volumesreturned the BTC price to the 37300.00 USD mark. If the recovery continues today, then by the end of this week the pair may return to the resistance of 40,000.00 USD.

ETH / USDAnalysis of prices for Bitcoin, Ethereum, Ripple for 02/05/2021

Buyers couldn't break higher yesterday morningmarks 1700.00 USD and a pullback in the Ethereum price led to a re-test of the level of 1555.00 USD. In this area, the decline has stalled and the bulls tried to return the ether to the zone of the recent high.

Low dynamics of recovery allowed the price of ETHto gain a foothold only in the area of ​​1640.00 USD. If buyers are able to increase volumes today, then the growth may continue and before the end of the week the pair will renew the absolute maximum in the area of ​​1740.00 USD.

XRP / USDAnalysis of prices for Bitcoin, Ethereum, Ripple for 02/05/2021

Yesterday, the Ripple price was able to overcome the resistance of 0.400 USD and, as a result, marked a local maximum at 0.482 USD.

Over the past night, the pair retraced slightly, but in the near future the recovery may continue to the psychological level of 0.500 USD.

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

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