Analysis of the prices of Bitcoin, Ethereum, XRP for 09/03/2021

Yesterday, the price of Bitcoin recovered above 50000.00 USD, but the bears have already managed to return the pair to the area of average prices.Canbulls continue to rise?

BTC / USD

Yesterday, the price of bitcoin continued its moderate growth and overcame the psychological level of 50000.00 USD.The daily high is set at 50390.00 USD. 

Sellers responded with a fairly strong bearish momentum, which brought the BTC price back to the two-hour EMA55.This level of average prices limited the decline and today buyers will try to recover to the summer high of 50560.00 USD. 

ETH / USD

Yesterday morning, the price of Ethereum rolled back from the weekly high around 3850.00 USD, and during the day the bulls were unable to continue the race to the psychological level of 4000.00 USD. 

At night, the volume of purchases decreased significantly and sellers managed to roll back the pair to the area of 3740.00 USD.In the morning, there is a low rebound, but the recovery has not yet been supported by large volumes, and it is no longerfirm confidence that today the bulls will be able to test the target mark of 4000.00 USD. 

In the first half of the day, buyers will try to return to the weekly high zone and break through the resistance of 3850.00 USD.If it works, then by the end of the week our forecast will come true, in which the bulls conquerpsychological top 4000.00 USD. 

If it is not possible to break through 3850.00, then the bears will form a new impulse, and the ETH / USD pair may sink to the area of ​​average prices.

XRP / USD

Yesterday afternoon, the price of XRP came close to the resistance of 1.300 USD.Sellers, without waiting for a re-test of this level, staged sell-offs, as a result of which the pair rolled back to the area of 1.220 USD. 

As of this morning, the pair is trying to recover and break through the resistance of 1.300 USD.If successful, the bulls will test the August high of 1.350 USD by the end of the week. 

If it fails to overcome the resistance of 1.300 USD, a pullback is possibleto the two-hour EMA55. 

* All prices are based on BitStamp data

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