Analysis of the prices of Bitcoin, Ethereum, XRP for 03/15/2021

Over the weekend, the Bitcoin price reached a new all-time high. At the beginning of this week, a continuation of the bullish trend is possiblerun to the region 63000.00 USD.

BTC / USD

Last Saturday, customers were able toform a powerful bullish impulse that broke through the resistance of 58000.00 USD, and the price of Bitcoin tested the psychological mark of 60000.00 USD. By the end of the day, the bullish run continued and the absolute maximum was recorded around 61780.00 USD, and on the Binance exchange the price of BTC exceeded 61800.00 USDT. 

During the night the volume of purchases decreased and the couple beganrollback to the level of 60000.00 USD. On Sunday, the price balanced at this psychological level for a long time, but sales exceeded average volumes and were able to briefly push the price to the area of ​​59,000.00 USD. 

As of this morning, the pair has recovered to the level of 60,000.00 USD and the bulls are ready to continue the rally. If the growth is supported by volumes, then the absolute maximum can be expected in the area of ​​63000.00 USD. 

The absence of rush demand will return the pair to the area of ​​average prices. We believe that in this case, the two-hour moving average EMA55 can provide support and limit the depth of the rollback.

ETH / USD

On Saturday, the price of ether recovered to the POC line and buyers tried to break through to the resistance of 1900.00 USD. This time the attempt culminated in a monthly high around 1943.00 USD. 

However, trading activity decreased at night, andthe pair rolled back below the resistance of 1900.00 USD. On Sunday, trading volumes did not exceed the average level, and the price consolidated in the area of ​​1850.00 USD. 

At the beginning of this week, the bulls may try to increase volumes and test the 2000.00 USD mark, but if a large buyer does not enter the market, the price will not be able to continue its recovery. 

The nearest support is at 1800.00 USD. We expect this strong support level to be able to stop the pullback. 

XRP / USD

The XRP price spent the past weekendmainly in the lateral range. On Saturday, under the influence of the optimistic mood of the crypto market, the pair managed to briefly leave the blue corridor, but on Sunday the price returned to the sideways range. 

We believe that this price trend will continue at the beginning of this week. 

* All prices are based on BitStamp data

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