Analysis of prices for Bitcoin, Ethereum, XRP for 03/30/2021

Yesterday, the Bitcoin price tested the resistance of 58000.00 USD. Will the bulls have enough strength to continue growing at the end of the month?area 60000.00 USD?

BTC / USD

Yesterday morning, the price of Bitcoin was able to stay above the two-hour EMA55. Buyers formed a fairly powerful bullish impulse and tested the resistance at 58000.00 USD. 

In the afternoon, purchase volumes begancontract and the pair was unable to gain a foothold above this key resistance. Tonight, the BTC price rolled back to the weak support area of ​​57100.00 USD and, judging by the Stoch RSI indicator, in the morning the decline will continue to the moving average EMA55 (55900.00 USD). 

We believe that the average price level will suspendpullback and the bulls will resume attempts to break through the resistance of 58000.00 USD. How successful will these attempts be – depends on volumes. On small and medium volumes, buyers will not be able to keep the price above fifty-eight thousand.

ETH / USD

At the beginning of this week, buyers continued to try to restore the price of Ethereum and were able to overcome the resistance of the lower border of the side corridor (1735.00 USD). 

During the day, the pair broke through the POC line (1800.89 USD), setting a daily high in the area of ​​1840.00 USD, and over the past night the price of ether rolled back below the Volume Profile indicator line. 

We believe that in the near future we will haveETH price consolidation in a fairly wide blue range. The lower border of the side corridor will limit the onslaught of the bears during today's pullback, and buyers will try to break through the resistance of the upper border around the 1860.00 USD mark. 

XRP / USD

Yesterday, Ripple trading volumes were significantlydecreased and the price was unable to continue its recovery dynamics towards the resistance area of ​​0.600 USD. At the same time, the pair confidently remains above the two-hour EMA55, consolidating around the 0.550 USD mark. 

It looks like the bulls are preparing for another assault on the orange resistance level, and if successful, we will see a renewal of the March high around 0.630 USD. 

If there are no positive results by the end of this month, the bears will return the pair below the psychological level of 0.500 USD.

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

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