The price of Bitcoin (BTC) has dropped by 1.55% since yesterday.
Image by TradingViewOn the daily chart, the rate of BTC is coming back to the support level of $65,129. If sellers’ pressure continues, the decline may lead to the test of the $64,000 range shortly.
Bitcoin is trading at $65,280 at press time.
ETH/USD
Ethereum (ETH) has followed the decline of BTC, going down by 1.41%.
Image by TradingViewThe rate of ETH has failed to keep yesterday’s bullish closure, which means that sellers are again more powerful than buyers. If the daily bar closes near the support of $3,432, there is a possibility to see an ongoing correction to $3,300.
Ethereum is trading at $3,509 at press time.
XRP/USD
XRP is the exception to the rule, rising by 5.81%.
Image by TradingViewTraders should pay attention to the closure in terms of the nearest resistance of $0.5301. If the daily candle closes with no long wick, there might not be enough strength for a breakout, followed by a move to $0.54.
With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.
