Analysis of the prices of Bitcoin, Ethereum, XRP for 07/14/2021

Yesterday the market was under bearish pressure, and prices slowly rolled back to the nearest support levels.Will buyers be able to stop the decline?

BTC / USD

Yesterday the price of Bitcoin failed to recoverarea of ​​two-hour EMA55. The weakness of buyers in the area of ​​average prices provoked a bearish impulse, as a result of which the price broke through the support of 32500.00 USD and reached the level of 32190.00 USD. 

Shoppers tried to restore tonightthe price is above the support of 32500.00 USD. In the morning, the bulls stopped a rather powerful bearish momentum, and are trying to prevent the July low from updating. If sellers intensify the pressure, the pair will continue to decline to the area of ​​31400.00 USD.

ETH / USD

Yesterday, the bears intensified their pressure and broke through the psychological level of 2000.00 USD. At the end of the day, the pair rolled back to the level of 1900.00 USD, and at night the July low was updated to 1885.00 USD. 

The decline will continue towards blue this morningsupport 1860.00 USD. During the day, buyers will try to stop the fall and return the ether price to the area of ​​two thousand dollars per coin, but it is not yet clear whether they will be able to repel another attack of sellers.

XRP / USD

Yesterday morning, the weak growth of the XRP price was not supported by large volumes, and the pair was unable to consolidate above the two-hour EMA55. 

In the afternoon, pressure from the outsidethe bears strengthened, and the price slowly decreased. As of this morning, the pair rolled back below the level of 0.600 USD, setting the July low around 0.586 USD. 

We believe that during the day the price will renew the minimum to the level of 0.560 USD. Perhaps, today buyers will be able to stop the decline and restore the pair a little, returning it to the level of 0.600 USD.

* All prices are based on BitStamp data

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