Will the cryptocurrency flagship be able to break through the psychological level of 50,000.00 USD by the end of the week?
BTC / USD
Yesterdayall day the bulls tried to break through the resistance48000.00 USD. In the evening, when the volume of purchases decreased, sellers tried to push the price to the support level of 46000.00 USD, but the daily minimum was only established in the area of 46230.00 USD.
Before the end of the day, buyers were able to easily restore the price to the resistance of 48000.00 USD, but over the past night they were unable to break through to a new high.
Stoch indicator lines on the daily time frameRSI is in the overbought zone, on the border with the neutral zone. Therefore, in the near future there is a high probability that another bullish impulse will break through the psychological mark of 50,000.00 USD, and after the next “world record” around 51,000.00 USD, the price will return to the area of 46,000.00 USD.
ETH / USD
Yesterday, after a rollback to the area of average prices, buyers restored the pair and tried to break through to the resistance area of 1900.00 USD.
Until this morning, the price of ether renewed its high around 1875.00 USD, but was unable to test this resistance.
Today in the morning a smallrollback to the area of 1800.00 USD. The two-hour EMA55 will be in this area, which may stop the decline and give the bulls a chance to test the psychological level of 2000.00 USD before the end of this week.
XRP / USD
Yesterday, purchase volumes confidently remained at the average level, as a result, the XRP price was able to test the resistance of 0.600 USD.
Tonight the bulls broke through this resistance andmorning we tested the level of 0.640 USD. If the pair manages to consolidate above 0.600 USD, then by the end of the week the growth will continue to the area of 0.700 USD, and next week the pair will update the February maximum.
* All price values are based on data from the BitStamp exchange
Subscribe to ForkNews on Telegram