February 24, 2021

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

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

Last night, the Bitcoin price tested the 49,000.00 USD mark, and this week the bulls are going to break psychological level 50,000.00 USD.

BTC / USDAnalysis of prices for Bitcoin, Ethereum, XRP for 02/12/2021

Yesterday, support around 44000.00 USD stopped the pullback and the bears were unable to test the two-hour EMA55.

Afternoon bitcoin pricerecovered to the resistance area of ​​48000.00 USD. Until the end of the day, the bulls tried to break above this level. The price managed to pierce the resistance level several times, drawing highs around the 48695.00 USD mark, 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 morning 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 48000.00 USD resistance and will try to test the psychological level of 50,000.00 USD in the near future.

ETH / USDAnalysis of prices for Bitcoin, Ethereum, XRP for 02/12/2021

Yesterday, the two-hour moving average EMA55limited the onslaught of sellers and the ether price recovered to the resistance of 1800.00 USD. Buyers have been trying to break through this level all evening, but have not managed 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 / USDAnalysis of prices for Bitcoin, Ethereum, XRP for 02/12/2021

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

On small volumes, buyers tried to break throughabove the 0.530 USD resistance, but only 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 pullback to the support of 0.500 USD.

However, if buyers manage to increase volumes, then 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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