April 21, 2021

Analysis of prices for Bitcoin, Ethereum, XRP for 04/05/2021

Analysis of prices for Bitcoin, Ethereum, XRP for 04/05/2021

Over the weekend, the Bitcoin price was unable to overcome the resistance of 60,000.00 USD. If at the beginning of this week, buyers do not will be able to increase volumes, then the decline will continue.

BTC / USDAnalysis of prices for Bitcoin, Ethereum, XRP for 04/05/2021

Last Saturday, buyers tried to break above the resistance of 60,000.00 USD, however, the bears did not allow a breakout and pushed the pair back below the two-hour EMA55.

Bearish pressure intensified on Sunday nightand the bitcoin price set a local minimum around 56466.00 USD. The pair was recovering to the key level of 58000.00 USD all day yesterday, but the buying volumes were too small and buyers could not break above the two-hour EMA55.

As of this morning, the price has rolled back below the mark58000.00 USD. During the day, there will be another attempt by buyers to restore the pair above the level of average prices, if it is not supported by large volumes, then the decline will continue to the support of 55000.00 USD.

ETH / USDAnalysis of prices for Bitcoin, Ethereum, XRP for 04/05/2021

On Saturday, the bears tried to push back the priceEthereum is below 2000.00 USD. They managed to pierce the support of this psychological level and set a local minimum at the point of 1978.21 USD, but they failed to continue the decline. At the end of the week, buyers retraced the price to the resistance area of ​​2100.00 USD.

At the beginning of this week, attempts to renew the absolute maximum may be repeated, but if the bears push through the two-hour EMA55, then the price will roll back to the support of 1860.00 USD.

XRP / USDAnalysis of prices for Bitcoin, Ethereum, XRP for 04/05/2021

On Saturday, buyers were able to installApril high at 0.642 USD, after which the price fell to the orange support of 0.600 USD. However, the bearish onslaught was stopped only at the level of the two-hour EMA55.

By the end of the week, buyers returned the pair to the level0.600 USD, and tonight a strong bullish momentum forced the XRP price to overcome the April high zone and update it to the level of 0.700 USD. A price increase of more than 20% strengthened Ripple's position in the CoinMarketCap ranking, raising it to the seventh place in terms of capitalization.

If trading on Ripple finally picks up, thengrowth may continue to the level of 0.750 USD. If the volumes do not exceed the average level, then soon the pair will return to the area of ​​the moving average EMA55.

* All prices are based on BitStamp data

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