Will altcoin prices support the growth of the cryptocurrency flagship today?
BTC / USD
Yesterday the bulls broke outresistance is 38.2% fib (9441.99 USD), and tonight we tested the level of 10000.00 USD. At the Asian session it was establishedspringmaximum at 10074.00 USD.
In the morning there is a slight pullback from the maximum zone,but if it is no deeper than the 38.2% Fibonacci level (9441.99 USD), then today the growth will continue and the price of Bitcoin may set a new annual high around 11000.00 USD.
We believe that today's growth will not be the samedynamic like yesterday. On the daily time frame, the Stoch RSI indicator lines are again going off scale in the overbought zone, and there is a high probability of a reversal to decline.
Note that yesterday's growth is somehow weakly supported by the altcoin market. The alt prices from the TOP-10 have fixed above the average level, but have not yet been able to update their monthly highs.
ETH / USD
Yesterday buyers broke through resistancepurple line of descending highs, however, during the Asian session, purchase volumes decreased and the price of Ethereum was unable to continue its dynamic growth to the 100% fib level (222.98 USD).
In the morning, the pair consolidated around the 213 mark.00 USD, having slightly rolled back from the local high of 216.85 USD. If the pullback does not break through the two-hour EMA55, then growth will continue above the 100% Fibonacci level (222.98 USD).
We believe that the record may be broken todayaprilmaximum, and the ETH price will be able to reach the area of 233.00 USD.
XRP / USD
Buyers yesterday were able to form a bullish impulse and broke through the resistance of the ascending green trend line. At night the growth continued, but this morning the pair rolled back to the area of average prices.
If the two-hour EMA55 keeps the XRP price from falling further, then growth could continue into the April high zone.
* All price values are based on data from the BitStamp exchange