Last week the Bitcoin price failed to test the psychological 50,000.00 USD mark. However, after rollback growth will resume.
BTC / USD
Last Sunday, the bulls were able to overcomeresistance of 48000.00 USD and once again tried to test the target level of 50,000.00 USD. As a result, the bitcoin price renewed its absolute maximum around the 49715.00 USD mark, but until the end of the week it could not reach the psychological level “fifty thousands".
Quite strong bearish momentum tonightpushed the pair back below the average price level, and sellers tested the support of 46000.00 USD. In the morning, the price bounced off this support level and is consolidating around the two-hour moving average EMA55.
If at the beginning of this week the bearish momentum is repeated, then the decline may reach 44,000.00 USD. If the level of average prices keeps the onslaught of sellers, the pair will recover to the area of 49000.00 USD.
ETH / USD
Last weekend, the bulls were unable to continue the run above the 1900.00 USD mark. On Saturday, the ether price rolled back to the area of average prices and all Sunday it tried to gain a foothold above the two-hour EMA55.
However, tonight the bears pushed thisstrong support and set a local minimum at 1660.00 USD. In the morning, the price bounced to the area of 1720.00 USD and is trying to continue recovery in the area of the moving average EMA55.
However, the volume of purchases is still low, and the onslaught of sellers may intensify. As a result, at the beginning of this week, the pair may roll back to the support of the blue trend line (1560.00 USD).
XRP / USD
Over the weekend, the XRP price could not hold above the 0.600 USD level and by the beginning of this week fell back below the four-hour EMA55.
This level of average prices has suspendeda decline in the pair and does not allow sellers to test the psychological mark of 0.500 USD. However, today the bears can intensify the onslaught and bring the coin price back below fifty cents.
If the psychological support at the level of 0.500 USD persists, then in the first half of the week, the pair will be able to recover to the zone of recent highs.
* All prices are based on BitStamp data
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