Analysis of prices for Bitcoin, Ethereum, Ripple for 12/25/2020

After a monthly low, the market began to recover. Will the bulls be able to resume their run towards the end of the week?new highs?

BTC / USD

Yesterday morning, purple support limited the bears' appetites and buyers were able to restore the BTC price above the hourly moving average EMA55. 

Until this morning, the pair consolidated above the average price level, and during the day, buyers will resume attempts to break above the resistance of 24000.00 USD. 

If the attempts are supported by large volumes, then by the end of the week the price may update the historical maximum around the 25,000.00 USD mark. 

ETH / USD

After a monthly low of 550.00 USD, the price of ether has recovered significantly and reached the average level. 

The pair will be restored in the near futurelimit the upper border of the descending purple corridor. However, if buyers consolidate above the POC line, the recovery may continue and the pair will leave the descending channel. 

Before the end of the current week, the price may update its annual maximum around the 700.00 USD mark.  

XRP / USD

At level 0.At 260 USD, buyers found support and tried to restore the pair to the average price area. Tonight, a powerful bullish impulse broke through the resistance of 0.310 USD, but it is not yet possible to test the two-hour moving average. 

If by the end of the week the pair consolidates above the average price level, then the bulls will try to restore the pair to the psychological mark of 0.500 USD. 

 

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

Subscribe to ForkNews on Telegram