Analysis of prices for Bitcoin, Ethereum, XRP for 06/12/2021

The nearest support levels are no longer able to cope with the weak bearish onslaught, and prices continue to move slowlyto decline.

BTC / USD

Yesterday, the price of Bitcoin during the day consolidated at the level of 38.2% fibo (37150.24 USD). Purchase volumes were below the average level and the pair was unable to break into the weekly high zone. 

Tonight the bears managed to push throughfour-hour moving average EMA55 and roll back the pair to the red descending trend line. If today sellers return the price to the downward channel, then by the end of the week the price decline will reach the psychological level of 30,000.00 USD. 

ETH / USD

Yesterday, the POC indicator line was unable to hold back the weak bearish onslaught, and as of this morning, the price of ether managed to update the June low around 2250.00 USD. 

Today the decline will continue to support 2200.00 USD, and by the beginning of next week the price of ETH may test the psychological mark of 2000.00 USD. 

XRP / USD

Yesterday in the morning, support was 0.860 USD kept the XRP/USD pair in a narrow sideways range. In the evening, a weak bearish impulse broke through this support and the XRP price rushed towards the 0.800 USD mark. 

This morning the pair stopped its decline and again settled down in a narrow side corridor. Before the end of the current week, bears may update the June low around 0.750 USD. 

* All prices are based on BitStamp data

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