Over the past weekend, the Bitcoin price was unable to consolidate above the average level, but at the beginning of this week, attempts to break through to the resistance of 40000.00 USD will be repeated again.
BTC/USD
Last weekend, the bears pushed through the support of 36000.00 USD and tested the level of 34000.00 USD. Yesterday, in the afternoon, buyers tried to restore the price, but were unable to stay above the hourly EMA55.
Today, attempts to gain a foothold above the average price level will be repeated, but if breaking through the moving average fails, the pair’s decline will continue below the POC line, to the support of 32600.00 USD.
ETH/USD
Last Saturday, buyers were able to break through the resistance at 1250.00 USD, but it was not possible to continue the recovery before the end of the week. On Sunday, sellers pushed the pair below the average price level and until the end of the day, buyers failed to restore the ETH price to its previous level.
Tonight, trading volumes have decreased and the pair is trying to stay in the area of the hourly EMA55, but in the morning the bearish pressure may increase, then the price of ether will test the level of 1150.00 USD. If the bears fail to break through the support of 1120.00 USD, then at the beginning of this week the bulls will try to organize a full-scale recovery to the area of January highs.
XRP/USD
On Saturday, the price of XRP tried to gain a foothold in the sideways corridor of $0.280 - $0.310, but the two-hour moving average turned the pair downwards and the lower border of the corridor was unable to stop the rollback to the area around 0.270 USD.
Yesterday, in the afternoon, the price was recovering, but it is no longer possible to return to the sideways range. The Kraken exchange suspends XRP trading and if this triggers a new bearish impulse, the fall may continue below the support of 0.260 USD.
* All price values are based on data from the BitStamp exchange
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