June 15, 2021

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

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

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

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

Yesterday in the morning, buyers managed to find support around the 54200.00 USD mark and the BTC price continued to recover to the resistance of 58000.00 USD.

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

The pair has rolled back to the 56700.00 USD mark this morning. If the bulls can strengthen the onslaught, they will break through the resistance of 58000.00 USD and continue their race towards the target level of 60,000.00 USD.

If the volume cannot be increased today, the rollback may continue to the two-hour EMA55.

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

Yesterday morning, the ETH / USD pair rolled back to the average price area. In the afternoon, sellers, already in decreasing volumes, managed to pierce the two-hour EMA55 and the rollback stopped.

In the afternoon, the ether price tried for a long timedeal with resistance at 1800.00 USD. Only by the end of the day, buyers overcame this resistance and were able to gain a foothold slightly above the POC line (1800.36 USD).

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

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

Yesterday in the morning the bears managed topierce the support of 0.450 USD and the pair tested the middle line of the blue channel. However, the XRP price was able to get out of this corridor rather quickly and consolidate above the upper border of the blue range (0.450 USD).

Buyers made an attempt to restore the pair to the area of ​​average prices tonight, but it has not been possible 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 50 cents mark.

* All prices are based on BitStamp data

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