Bitcoin, Ethereum, XRP price analysis on 05/15/2020

Can Bitcoin Price Update May High Today?

BTC / USD

Yesterday morning, buyers were able to hold ongreen trend line and continued to stormresistance level 38.2% fibo (9441.99 USD). In the first half of the day, they managed to increase volumes and break through this resistance, setting a daily maximum in the area of ​​9945.00 USD. It was not possible to gain a foothold in the maximum zone. 

After a rollback to level 38.2% Fibonacci bulls went to storm the height of 10000.00 USD, but this time the growth was not supported by volumes, and the attack failed. During the Asian session, the price rolled back below the 38.2% fib (9441.99 USD), but the two-hour EMA55 stopped the bearish onslaught, and now the pair is again trying to hold on to the ascending dotted trend line. 

If they succeed from this support zonecontinue to grow, then the price of Bitcoin today will overcome the psychological barrier at 10,000.00 USD and update the May high around 10,200.00 USD. 

If the bears are able to push through the current support zone, then a deep rollback to the $8550 – area is possible. $8950. 

ETH / USD

Yesterday, buyers continued to recover frompsychological support 200.00 USD, but were able to achieve very modest success. The daily high was marked around 206.00 USD, after which the ETH price immediately rolled back to support EMA55. 

In the evening, buyers tried to repeat the growth to the daily high; in the Asian session, the advantage was on the side of sellers and the price returned to the moving average EMA55. 

This morning the price of ether is balancing at200.00 USD, waiting for clear signals from the cryptocurrency flagship. Positive market sentiment will raise the price of Ethereum to the area of ​​213.00 USD. If the bears dominate, then a rollback to the support of 78.6% fib (192.57 USD) is possible. 

XRP / USD

Yesterday, the price of Ripple was unable to continue its growth.The pair spent most of the day in a sideways range at the level of average prices. And at night, sellers pushed through the support of the two-hour EMA55 and rolled the pair below the psychological level of 0.200 USD. 

In the morning, the pair recovered to the level of 0.200 USD.If today buyers manage to resume recovery and return to the level of average prices, then growth will continue to the downward purple trend line. 

If the bears increase pressure, the price may fall to the POC line (0.188 USD). 

* All price values ​​are based on data from the BitStamp exchange