April 17, 2021

Analysis of prices for Bitcoin, Ethereum, XRP for 04/02/2021

Analysis of prices for Bitcoin, Ethereum, XRP for 04/02/2021

Bitcoin price recovered to 60100.00 USD this morning.

BTC / USDAnalysis of prices for Bitcoin, Ethereum, XRP for 04/02/2021

Bitcoin price consolidated yesterday at sideways range with support at 58000.00 USD and did not "want" to obey our April Fools' forecast

Buyers managed to form a bullish momentum this morning, which broke through the USD 60,000.00 resistance and tested the USD 60,100.00 level.

Further gains are possible during the day, but a major buyer's support is needed to break through to the all-time high. On small volumes, the pair will return to the support of 58000.00 USD.

ETH / USDAnalysis of prices for Bitcoin, Ethereum, XRP for 04/02/2021

Etheteum price showed weak yesterdayrecovery dynamics, and this morning the pair tested the level of 2000.00 USD. In the first half of the day, some growth in the ether price may still continue, but the Stoch RSI indicator lines form a signal for a pair to decline.

If the bulls manage to renew the absolute maximum, then a rather deep pullback should be expected almost immediately. The level that can stop the decline is the support of 1860.00 USD.

XRP / USDAnalysis of prices for Bitcoin, Ethereum, XRP for 04/02/2021

Despite weak attempts by buyers to break above the 0.600 USD mark, the bulls did not manage to test this resistance yesterday.

Our April Fool's joke about the delisting of Ripple, fortunately, it did not have sucheffect, like Elon Musk's post with the Bitcoin hash tag. The pair had support at the two-hour EMA55 level and this morning the price is beating around the 0.580 USD mark.

We believe that in the near future we will see a re-test of the 0.600 USD resistance.

* All prices are based on BitStamp data

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