Analysis of prices for Bitcoin, Ethereum, XRP for 02/12/2021

Last night the Bitcoin price tested the 49000.00 USD mark, and this week the bulls are going to break throughpsychological level 50,000.00 USD.

BTC / USD

Yesterday, support in the area of ​​44000.00 USD stopped the pullback and the bears were unable to test the two-hour EMA55. 

Bitcoin price in the afternoonrecovered to the resistance area of ​​48000.00 USD. Before the end of the day, the bulls tried to break above this level. The price was able to break through the resistance level several times, drawing highs in the area of ​​48695.00 USD, and tonight the pair tested the level of 49000.00 USD. 

In the morning, sellers returned the price below 47,000.00 USD, and in the first half of the day the pullback may reach the support of 46000.00 USD. If this level copes with the bearish onslaught, then the bulls will resume their assault on the resistance of 48000.00 USD and in the near future will try to test the psychological mark of 50000.00 USD. 

ETH / USD

Yesterday two-hour moving average EMA55limited the pressure of sellers and the price of ether recovered to the resistance of 1800.00 USD. All evening, buyers tried to break through this level, but it was not yet possible to update the absolute maximum set this week. 

Today, after a pullback to the average price area, buyers will try to resume the assault and break through to the USD 1900.00 mark, and by the end of this week, the bulls may test the USD 2000.00 level.

XRP / USD

Yesterday in the first half of the day, trading volumes decreased and the pair rolled back to the psychological level of 0.500 USD. The level kept the price from further decline. 

At low volumes, buyers tried to break throughabove the 0.530 USD resistance, but just this morning the XRP price broke through this resistance and tested the 0.570 USD level. Growth is not supported by large volumes – there is a high probability of a rollback to support at 0.500 USD. 

However, if buyers manage to increase volumes, the growth may continue and the pair will test the level of 0.600 USD. 

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

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