Analysis of the prices of Bitcoin, Ethereum, XRP for 06/10/2021

Yesterday's support levels helped the pairs recover to the average price area. Will buyers be able tocontinue recovery?

BTC / USD

Yesterday, buyers managed to find support onlevel of 32500.00 USD, and they restored the price of Bitcoin to the four-hour EMA55 area. In the evening, the pair overcame the purple resistance of 36000.00 USD, and as of this morning it has consolidated above the red downward trend line. 

In the near future we should expect a short-termconsolidation of the BTC price around the 38.2% fibo level (37150.24 USD). If the pair manages to stay above this Fibonacci level, then a recovery to the level of 40000.00 USD is possible. 

If the bears return the pair below the redtrend line, they will continue the downward trend. In this case, in the second half of the week, the decline will continue below the psychological mark of 30000.00 USD. 

ETH / USD

Yesterday the POC line kept the Ethereum price atshort-term consolidation, and already in the second half of the day the pair recovered to the area of ​​average prices. In the morning, the four-hour EMA55 restrains the price of ether from further recovery to the resistance of 2800.00 USD. 

If the pair fails to break above this moving average, then the recovery will be completed and the price will return to the June low zone. 

XRP / USD

Yesterday, buyers were able to increase purchase volumes above the average level and restored the XRP price to the four-hour EMA55. 

At the moment, the level of average prices is holding back further recovery of the pair and in the near future it is possible that buyers will make attempts to break through to the psychological mark of 1.00 USD. 

However, if the moving average EMA55 holds back the weak bullish onslaught, then by the end of the week we can expect an update to the monthly minimum. 

* All prices are based on BitStamp data

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