Analysis of the prices of Bitcoin, Ethereum, XRP for 09/13/2021

Until the end of last week, the market was unable to gain a foothold above the average price level. Will the bears intensify the pressure onthis week?

BTC / USD

Last Saturday the price of Bitcoinconsolidated around the 45000.00 USD mark, and on Sunday buyers tried to overcome the resistance of 46000.00 USD. The price broke through this level, but the growth was not supported by large volumes, and the pair was unable to overcome the two-hour EMA55. 

As of this morning, the BTC price has returned to the level of 45000.00 USD, and during the day, buyers will try to break through the resistance of the average price level and test the 61.8% fibonacci retracement (47745.68 USD). 

On the other hand, the weakness of buyers may provoke another wave of sales, and then the price will test the 50% fib level (42447.96 USD). 

ETH / USD

Last weekend, the price of Ethereum recovered above the green resistance of 3400.00 USD, but until the end of the week the pair was unable to gain a foothold above the two-hour EMA55. 

Tonight, sellers pushed the price below 3300.00 USD, and if the pressure intensifies, a breakout of the support at 3200.00 USD is possible. 

It should be noted that sales volumes are still below the average level, so there is a possibility that buyers may seize the initiative and try to test the level of 3600.00 USD. 

XRP / USD

Over the weekend, the XRP price gradually recovered to the POC line (1.119 USD), but a large buyer did not support the growth, and the pair was unable to overcome the moving average EMA55. 

This morning there is weak pressure from sellers, and if it intensifies during the day, the bears may push the price below the psychological level of 1.00 USD. 

On the other hand, with low sales volumes, buyers can stop the decline around the 1.050 USD mark and try to restore the price above the two-hour EMA55. 

* All prices are based on BitStamp data

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