This morning the Bitcoin price reached a new annual high above the level of 18400.00 USD. Will the bulls be able to continue rising?after rollback?
BTC / USD
Yesterday morning, the decline in the price of Bitcoin stopped at around 16570.00 USD. Before lunch, the pair consolidated in a narrow range, and in the afternoon the bulls were able to continue growing.
Growth was supported by large volumes and inAt the end of the day, the BTC price updated its annual high at the point of 17868.00 USD. This value exceeded the maximum of 2018, and this morning the bulls are trying to continue their growth and at the moment have already tested the level of 18400.00 USD.
The last time the price approached this level 16December 2017, and the next day a historic maximum was recorded. Whether the bulls will be able to set a new absolute record in a crazy 2020, above 20,000.00 USD, it is impossible to say with firm certainty, but if the bull run continues at the same pace, then it is quite possible!
We believe that after the high around 18500.00 USD, the pair may roll back to the area around 17600.00 USD.
</p>ETH / USD
Yesterday, the rise in the price of Ethereum was supported by large volumes and in the afternoon the pair broke through the resistance of 480.00 USD.
Before the end of the day, buyers struggled for a long time toblue trend line, which inhibited further growth, but tonight the bulls broke through the ascending trend line and in the morning updated the annual maximum, coming very close to the psychological mark of 500.00 USD.
If, after a rollback, the ether price remains above 50% fibo (457.16 USD). then the explosive growth may continue and the pair will test the level of 515.00 USD.
XRP / USD
Yesterday, the price of Ripple continued to grow in the secondmidday, the bulls overcame the psychological level of 0.300 USD. Overnight, the pair renewed its monthly high at 0.309 USD, but further growth is held back by resistance at 0.310 USD. If today the bulls cannot cope with this level, the price will roll back to the support of 0.280 USD.
* All price values are based on data from the BitStamp exchange
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