The market decline has stopped. The cryptocurrency flagship is trying to return to the mid-price area.
BTC / USD
Yesterday morning bitcoin pricewas in sideways consolidation with support at the level of 46000.00 USD. In the afternoon, buyers made an attempt to test the 61.8% Fibo level (47745.68 USD), but before the end of the day the pair could not recover to the two-hour EMA55 area.
Attempts to return to the area of average prices will be repeated today. If the bulls can hold above the 61.8% Fibonacci level, then by the end of the week a recovery to the psychological level of 50,000.00 USD is possible.
ETH / USD
Yesterday, the Ethereum price tried to stay sidewaysrange with support at 3400.00 USD. During the day, trading volumes were small, but market participants tried to expand the boundaries of the sideways range.
As a result, sellers were unable to break through the strong support of 3400.00 USD, and buyers were unable to test the two-hour EMA55.
We believe that today the bulls will restore the pair to the area of average prices, and by the end of this week they will be able to overcome the resistance of 3600.00 USD.
XRP / USD
Yesterday, the bears were unable to strengthen the onslaught and the XRP price continued to consolidate in a sideways range around the POC line.
Some random bullish momentum tonightbroke through the two-hour EMA55 and set a local maximum at the point of 1.244 USD. Most likely, in the morning the pair will return to the area of average prices and try to stay above the Point Of Control line.
If sellers are unable to resume the bearish onslaught by the end of the week, then the Ripple price will recover to the resistance area of 1.300 USD.
* All prices are based on BitStamp data
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