Bitcoin price renewed its October high at 58550.00 USD. Will the bulls continue to rise today?
BTC / USD
Yesterday in the morning, sellers pushed asidethe BTC price is below the 78.6% fibo level (55288.19 USD), in the area of the four-hour EMA55. During the day, the bulls with great difficulty brought the pair back to the 78.6% Fibonacci level, and in the afternoon they won back the lost positions from the bears on the approach with the resistance of 58000.00 USD.
Low volume buyers decided tonightattack the impregnable line at around 58,000.00 USD. In the morning, the price pierced the blue resistance and marked a new October high at 58550.00 USD.
Small volumes do not allow the growth to continue, and sellers easily rolled back the price below the resistance level. Now there is a positional struggle on this border.
If the bears gain an advantage, then today the price of bitcoin will roll back to the area of 56600.00 USD, and then the decline may continue to the level of 78.6% fibo (55288.19 USD).
ETH / USD
Yesterday, the passive sentiment of market participants led to a rollback of the Ethereum price to the support area of 3400.00 USD, but in the afternoon, buyers restored the pair above the four-hour EMA55 level.
At night, the growth continued to the zone of the monthly maximum, however, the bulls have not yet been able to update it. If today it is not possible to increase the volume of purchases, then the pair will return to the area of average prices.
XRP / USD
Yesterday in the morning the XRP price returned to the local minimum zone around the POC line (1.073 USD).
However, after lunch, shoppers were able to startrecovery, as a result of which the price tested the level of 1.140 USD this morning. There is very little hope for further growth in the area of USD 1,200.
Most likely, the pair will roll back below the Point Of Control line (1.073 USD).
* All prices are based on BitStamp data
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