Analysis of prices for Bitcoin, Ethereum, XRP for 06/07/2021

At the end of last week, buyers were unable to gain a foothold above the average price level. If at the beginning of thisbears' pressure will increase during the week, then a sharp decline in prices is possible. Which support levels will be the first to slow the decline?

BTC / USD

Last Saturday, shoppers were unable toconsolidate above the average price level and the pair rolled back to the support of 36000.00 USD. On Sunday, weak selling pressure continued until the price of Bitcoin broke through this support, setting a weekly low around USD 34850.00. 

At the end of the week, buyers triedrestore the price and consolidate above the lilac support of 36000.00 USD. The volumes of purchases were small, but tonight the pair recovered to the area of ​​average prices. 

Will buyers be able to overcome small volumes?resistance of the three-hour EMA55 and consolidate around the 38.2% fib level (37150.24 USD)? Unlikely! At the beginning of the week, we should expect an intensification of the bearish onslaught and a rollback of the BTC price to the psychological support area of ​​30,000.00 USD. 

ETH / USD

On Saturday, buyers were unable to form a bullishimpulse, and resistance at 2800.00 USD turned the pair downward. The sales volumes were not large, and in the zone of the weekly minimum, the rollback was stopped by the support of 2550.00 USD. 

On Sunday, buyers recovered the price of Ether,and this morning the pair again stopped at the resistance line of 2800.00 USD. There is little hope of a false bullish breakout, but the bears are likely to intensify the onslaught and break through last week's low. At the beginning of this week, the minimum is possible in the support area of ​​2200.00 USD.

XRP / USD

Last Saturday, the XRP price failed to test the psychological one dollar mark. On approaching this key level, the price turned downwards. 

Despite the dynamic rollback, the minimum wasset at 0.892 USD and over the next day, buyers restored the pair to the area of ​​average prices. At the same time, it is not yet possible to overcome the three-hour EMA55. 

Today there is a high probability of a reversal in the area of ​​the moving average and a pullback to the target bearish level of 0.800 USD.

* All prices are based on BitStamp data

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