Bitcoin, Ethereum, XRP price analysis on 12.06.2020

Yesterday, bearish pressure did not allow buyers to update the June highs. From what levels does it cost?expect recovery?

BTC / USD

Yesterday's hopes for a breakthrough into the June regionthe highs were not met. Since the very morning, sellers have pushed through the level of 9800.00 USD, and in the evening the price of Bitcoin broke through the support of 38.2% fib (9441.98 USD), setting the daily minimum around 9080.00 USD. 

The daily moving average passes through this zoneEMA55. From there, the pair rebounded to the purple support zone at 9300.00 USD. Until this morning, the price was trying to gain a foothold in this area, but if the bearish pressure does not stop, the decline may continue. 

In the event of a breakout of the daily EMA55, the fall in the price of BTC will be stopped by a fairly strong support level around the 8600.00 USD mark.    

ETH / USD

Yesterday morning, the price of Ethereum failed to consolidate above the level of 247.00 USD and the bears pushed the pair back to the daily low at 225.20 USD. 

Before the end of the day the price recovered slightly andis now trying to stay around the 230.00 USD mark, but buyers may not find support in this zone. Most likely, the decline will continue to the 100% fib level (222.98 USD). 

In the area of ​​one hundred percent fibonacciobserve the reaction of the bears. If the pressure intensifies, then the probability of a fall in the price to psychological support of 200.00 USD is high, and if sales volumes decrease, then buyers will be able to seize the initiative.

XRP / USD

Yesterday, the bears pushed the XRP/USD pair out of a narrow sideways range with support at 0.200 USD. The fall was stopped by the upper border of the descending purple corridor. 

The price rebounded to the 0 mark.190 USD and is trying to gain a foothold in consolidation. However, if the bears increase their pressure, the pair may sink to the support of 0.170 USD. Perhaps this level will be able to turn the pair around for recovery. 

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