Analysis of the prices of Bitcoin, Ethereum, XRP for 07/10/2021

Buyers are stuck in the area of average prices and are not yet able tocontinue the recovery, and at the end of the currentweeks the bearish onslaught is likely to resume.

BTC / USD

Yesterday, buyers tried to seize the initiative and restored the pair to the area of the two-hour EMA55.In the evening, the BTC price overcame the resistance of the moving average, and late at night it tried to gain a foothold in the blue corridor. 

However, until this morning, the volume of purchases has decreased, and the pair cannotAs long as the moving average EMA55 is performingThe role of weak support, buyers will continue to probe for weaknesses near the lower border of the horizontal range. 

If the bears push the pair below the average price level, then everything will return to the support of 32500.00 USD.At the end of the week, the bearish pressure may intensify, and then the price of bitcoin will roll back to the area of 23.6% Fib (30595.44 USD). 

ETH / USD

Yesterday morning, Ethereum's trading volumes fell below average.There was no pressure from the bears and the pair tried to recover to the area of average prices.However, small buying volumes did not allow the pair to test the two-hour EMA55. 

As of this morning, the price of ether has rolled back to the level of 2100.00 USD, and if the bearish onslaught intensifies, the fall will continue below the psychological mark of 2000.00 USD. 

XRP / USD

Yesterday, the price of XRP tried to recover to the two-hour EMA55.Buying volumes increased slightly, but did not exceed the average level, so the pair failed to break above the EMA55 moving average. 

If buyers are able to intensify their attacks on the average price level, a breakout to the resistance of 0.700 USD is possible. 

On the other hand, by the end of this week, the bears may resume the pressure and the price of XRP will updateThe July low in the $0.560 area is $0.550. 

* All prices are based on BitStamp data

Subscribe to ForkNews on Telegram