Analysis of the prices of Bitcoin, Ethereum, XRP for 03/12/2021

Bitcoin price has recovered to the resistance of 58000.00 USD. After a slight pullback, the bull run may continue inarea 60000.00 USD.

BTC / USD

Yesterday in the first half of the day, buyers managed to find support in the area of ​​54200.00 USD and the BTC price continued to recover to the resistance of 58000.00 USD. 

Late at night, the bulls returned to the absolute maximum zone set on 02/21/2021, but a decrease in volumes did not allow them to update the February record value. 

As of this morning, the pair rolled back to the area around 56700.00 USD. If the bulls can increase their pressure, they will break through the resistance of 58000.00 USD and continue the race to the target level of 60000.00 USD. 

If today it is not possible to increase volumes, then the rollback may continue to the two-hour EMA55. 

ETH / USD

Yesterday morning, the ETH/USD pair rolled back to the average price area. During the day, sellers, already on declining volumes, managed to break through the two-hour EMA55 and the pullback stopped. 

In the afternoon, the price of ether struggled for a long timecope with resistance at 1800.00 USD. Only at the end of the day did buyers overcome this resistance and were able to gain a foothold just above the POC line (1800.36 USD). 

If the bears are unable to push the pair into the area of ​​average prices, then today we can expect continued recovery to the area of ​​1900.00 USD. 

XRP / USD

Yesterday in the first half of the day the bears managedpierce the support of 0.450 USD and the pair tested the middle line of the blue corridor. However, the XRP price was quickly able to get out of this corridor and consolidate in consolidation above the upper limit of the blue range (0.450 USD). 

Tonight, buyers attempted to restore the pair to the area of ​​average prices, but they have not yet been able to gain a foothold above the four-hour EMA55. 

If a positive mood prevails on the crypto market, then Ripple will continue to recover to the psychological mark of 50 cents. 

* All prices are based on BitStamp data

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