Analysis of the prices of Bitcoin, Ethereum, XRP for 11/10/2021

During yesterday, prices rolled back from the highs to the area of the nearest supports.Will it continuedecline today?

BTC / USD

Yesterday morning, the bitcoin price updated its all-time high to 68564.40 USD.After that, trading volumes decreased and the bulls failed to continue growingIn the second half of the day, sellers became more active and the pair rolled back to the support area of 66500.00 USD. 

Tonight, buyers tried to restore the price to the previous level, but the attempt was unsuccessful and currently the price of BTC is still in the area of weak support of 66500.00 USD.If the bears push through this level, a pullback is possibleto the 100% Fib area (64895.22 USD). 

ETH / USD

Yesterday morning, the Ethereum price still managed to update the all-time high around 4842.00 USD before the pullback beganto support 4700.00 USD. 

As of this morning, the bears have pushed through the weak support of 4700.00 USD and the price of ether is slowly declining to the area of the next support level.We believe that it is in the area of 4600.00 USD, because it is about there"Started"Bulls at the beginning of this week.

XRP / USD

Yesterday, the XRP price tried to stay above the support of 1.240 USD, but this morning the bears pushed through this onelevel and the pair rolled back to the area of 1.220 USD. 

We believe that the decline may continue towards 1.200 USD, and after that, we expect support from the four-hour EMA55, which will be able toKeep the price from a further pullback. 

* All prices are based on BitStamp data

Subscribe to ForkNews on Telegram