Have prices of Bitcoin (BTC) and XRP entered bearish zone by now?

Sellers continue their pressure on the first day of the week, according to CoinStats.

BTC/USD

The price of BTC has declined by 2.18% over the past day.

On the daily chart, the rate of BTC is approaching the support level of $92,092. 

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If its breakout happens, the energy might be enough for an ongoing drop to the $90,000 area.

Bitcoin is trading at $92,597 at press time.

XRP/USD

XRP has followed the decline of BTC, going down by 4.33%.

From the technical point of view, XRP is trading similarly to BTC. If bulls lose the support of $2, one can expect a further downward move to the $1.80 zone.

XRP is trading at $2.033 at press time.

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About the author

Denys Serhiichuk

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 [email protected].

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