Bitcoin price has recovered to the mid-range. Will buyers be able to continue their growth by the end of the week?
BTC / USD
Yesterday trading volumes were slightly less than averagelevel, while the weak support of 32500.00 USD was able to beat off the price of bitcoin to recover. Until the end of the day, the pair reached the four-hour EMA55 and until this morning has consolidated in a very narrow sideways corridor.
Small buying volumes do not yet allow the price to test the lilac resistance of 36000.00 USD, but if today buyers manage to increase volumes, then a retest of this level is possible.
In the afternoon, a pullback is expected, the depth of which will determine the further recovery of the pair to the 38.2% fibo level (37150.24 USD).
ETH / USD
The bearish pressure eased yesterday morning and sellers failed to test the blue support of 1860.00 USD.
Buyers, on small volumes, by the end of the day were able torestore the price of ether above the psychological level of 2000.00 USD, and this morning they will try to continue the recovery in the area of the four-hour EMA55.
Small trading volumes will not allow the price of ETHovercome the moving average EMA55, but if the pair manages to gain a foothold in the area of average prices, then by the end of the week the recovery may continue to the level of 2300.00 USD.
XRP / USD
Yesterday, on medium volumes, buyers were able to continue the XRP price recovery to the 0.700 USD mark. Until the end of the day, the maximum is set at 0.693 USD.
There was a shallow rollback at night, but this morningattempts to test the orange level of 0.700 USD are being traced. A break above this mark will allow the Ripple price to recover to the 0.800 USD mark by the end of the week.
* All prices are based on BitStamp data
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