Price analysis of Bitcoin, Ethereum, XRP as of 02/13/2021

Will the cryptocurrency flagship be able to break through the psychological level of 50,000.00 USD by the end of the week?

BTC/USD

Yesterday all day the bulls tried to break through the resistance of 48000.00 USD. In the evening, when the volume of purchases decreased, sellers tried to push the price to the support level of 46000.00 USD, but the daily minimum was only established around the mark of 46230.00 USD. 

Before the end of the day, buyers were able to easily restore the price to the resistance of 48000.00 USD, but over the past night they were unable to break through to a new high. 

On the daily time frame, the Stoch RSI indicator lines are in the overbought zone, on the border with the neutral zone. Therefore, in the near future there is a high probability that the next bullish impulse will break the psychological mark of 50000.00 USD, and after the next “world record” around the 51000.00 USD mark, the price will return to the area of 46000.00 USD.

ETH/USD

Yesterday, after a rollback to the area of ​​average prices, buyers restored the pair and tried to break through to the resistance area of ​​1900.00 USD. 

Until this morning, the price of ether renewed its high around 1875.00 USD, but was unable to test this resistance. 

Today in the first half of the day a slight pullback to the area of ​​1800.00 USD is expected. In this area there will be a two-hour EMA55, which may pause the decline and give the bulls a chance to test the psychological level of 2000.00 USD before the end of this week.

XRP/USD

Yesterday, purchase volumes remained confidently at the average level, as a result, the XRP price was able to test the resistance of 0.600 USD. 

Tonight the bulls broke through this resistance and tested the level of 0.640 USD in the morning. If the pair manages to consolidate above 0.600 USD, then by the end of the week the growth will continue to the area of ​​0.700 USD, and next week the pair will update the February high. 

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