At the end of the previous week, the bulls were unable to continue the recovery of the Bitcoin price above the psychological mark 60000.00 USD. The altcoin market took this as a signal to decline to new monthly lows.
BTC / USD
Last Saturday, buyers tried to break through the 2-hour EMA55 level and test the psychological level of 60,000.00 USD.
Break above the psychological on Sundayresistance at the level of 60 thousand dollars did not work out. The bulls were unable to continue the pair's recovery and over the past night the BTC price returned to the key support of 58000.00 USD.
This morning, the bears pushed through the bluesupport and increased the onslaught. During the day, they can achieve a re-test of the 78.6% Fibo level (55287.64 USD), and in the near future they are preparing for a decline to the area of 53400.00 USD.
ETH / USD
Ethereum price breaks through Saturday nightabove the green level of 4300.00 USD, but the pair failed to test our target level of 4500.00 USD. The local maximum was set on Sunday at 4441.00 USD.
Buying volumes were quite low and the price of ether began to decline. Over the past night, the pair rolled back below the support of the two-hour EMA55, and in the morning the bears are trying to test the level of 4100.00 USD.
The bearish pressure may increase today, andthen the price will roll back below the psychological level of 4000.00 USD. We believe that at the beginning of this week, another minimum can be expected in the support area of 3800.00 USD.
XRP / USD
Over the past weekend, XRP price was unable to overcome the resistance of the two-hour EMA55. After a short consolidation in the area of average prices, the pair rolled back to the support of 1.050 USD.
Sellers pushed through this level this morning andtrying to test the psychological mark of 1.00 USD. At the beginning of this week, a breakout of the green support at 1.00 USD and a decline to the 0.960 USD area is possible.
* All prices are based on BitStamp data
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