October 19, 2021

Analysis of the prices of Bitcoin, Ethereum, XRP for 10/13/2021

Analysis of the prices of Bitcoin, Ethereum, XRP for 10/13/2021

If today the bulls manage to break through the resistance of 58000.00 USD, then the Bitcoin price may test psychological level 60,000.00 USD.

BTC / USDAnalysis of the prices of Bitcoin, Ethereum, XRP for 10/13/2021

Yesterday morning, buyers triedto organize an assault on the resistance of 58000.00 USD, but on average volumes they failed to update the monthly maximum and the blue level remained in the inaccessible zone.

After lunch, sales volumes began to grow, and the pair gradually rolled back to 78.6% fibo (55288.19 USD), and late at night, the bitcoin price tested the level of 54000.00 USD.

BTC price bounced above the mark tonight56000.00 USD, but the bulls cannot yet continue the recovery to the October high zone. If buyers are able to form a bullish momentum today, the pair will break through the strong resistance of 58000.00 USD and renew the maximum around 59000.00 USD.

A bullish breakout to the psychological level of 60,000.00 USD could trigger a bearish backlash that would bring the pair back to the 78.6% Fibonacci level.

ETH / USDAnalysis of the prices of Bitcoin, Ethereum, XRP for 10/13/2021

Yesterday, the Ethereum price decline continued below the four-hour EMA55, but sellers did not manage to test the green support of 3400.00 USD.

As of this morning, the pair has recovered to the mid-price area and may continue to rise to the one-month highs if the bitcoin price breaks out of the 58000.00 USD resistance.

If the bears seize the initiative on the crypto market, then we should expect the price of ETH to drop to the support of 3200.00 USD.

XRP / USDAnalysis of the prices of Bitcoin, Ethereum, XRP for 10/13/2021

Yesterday morning, the decline in the XRP / USD pair continued below the POC indicator line (1.073 USD). The price set the daily low at 1.065 USD and consolidated for some time on the Point Of Control line.

Recovery began in the evening, as a resultwhich the pair rose above the four-hour EMA55. As of this morning, the XRP price tested the level of 1.120 USD and may continue to rise to the 1.140 USD mark during the day.

However, given the small volume of purchases, we believe that the recovery will soon stop and the pair will return to the area of ​​yesterday's low.

* All prices are based on BitStamp data

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