Analysis of the prices of Bitcoin, Ethereum, XRP for 03/18/2021

Bitcoin price continues to recover and will soon return to the all-time high.

BTC / USD

Yesterdaybuyers tried to restore the pair toresistance 58000.00 USD. In the first half of the day, they were unable to break above 56400.00 USD, and late in the evening the bulls formed a powerful impulse, which allowed the Bitcoin price to overcome the resistance of 58000.00 USD and consolidate around the 59000.00 USD mark. 

A pullback is possible this morning. If the price remains above 58000.00 USD, then the recovery will continue to the area of ​​60000.00 USD. 

If the bears push through 58000.00 USD, then the pair will return to the average price area (56400.00 USD).  

ETH / USD

Yesterday, the price of Ethereum tried for a long time to overcome the resistance of 1800.00 USD. At the end of the day, buyers still broke above the POC line and in the morning they tested the level of 1850.00 USD. 

If today the pair holds above the two-hour EMA55, then the recovery will continue to the area around 1900.00 USD. 

XRP / USD

Yesterday, buyers were unable to continue the price increaseXRP to the psychological level of 0.500 USD. The volumes of purchases were quite small, and all attempts to restore the pair got stuck around the 0.475 USD mark, without further continuation. 

Today buyers will continue"Restoration work"and perhaps they will be able to break through to the 50 cent mark. 

  

*All price values ​​are based on data from the BitStamp exchange. 

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