Yesterday, the Bitcoin price could not update the two-week high and now, until the end of the week, it may lie in narrowing sideband.
BTC / USD
Yesterday sellers did not allow the bulls to continue the recovery of the BTC price to the target level of 11200.00 USD. Weak bearish momentum has pulled the pair back to the 2-hour EMA55, which keeps the price in consolidation.
If on the weekend the trading volumes will beIf the trend is to decline, the pair will continue to move in a narrowing sideways range, around 10900.00 USD. By the end of this week, buyers may attempt to break through the resistance of 11200.00 USD and renew the two-week high in the area of the fifty percent Fibonacci level.
If on the weekend the bears manage to push the level of average prices, then the pair will roll back below the support of 10500.00 USD and return to the psychological level of 10000.00 USD at the beginning of next week.
ETH / USD
Ethereum price failed to gain a foothold in yesterdaythe ascending green channel and sellers have returned the pair to the two-hour EMA55. At night, the level of average prices stopped the decline, keeping the pair in a narrow sideways consolidation, around the level of 380.00 USD.
Now trading volumes have decreased and lowthe activity of market participants will contribute to the price rollback below the moving average EMA55. We believe that in this case, the ether price will be able to stay above the support of 360.00 USD until the end of the week.
If buyers are able to form a bullish momentum, then the price will test the target level of 400.00 USD.
XRP / USD
Ripple's sales volumes pushed the pair back below the average price yesterday. Late in the evening, buyers returned the price to the 0.250 USD level, and now the pair is trying to consolidate in a narrow sideways range.
If the bears show activity today, the next week will start from the support level of 0.230 USD.
* All price values are based on data from the BitStamp exchange
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