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Buyers have seized the initiative at the beginning of the week, according to CoinStats.

BTC/USD

The price of Bitcoin (BTC) has risen by 4.74% since yesterday.

On the daily time frame, the rate of Bitcoin (BTC) has made a false breakout of the resistance level of $29,659. If the bar closes far from it, there is a high chance of seeing ongoing sideways trading in the area of $27,000-$28,000.

Bitcoin is trading at $28,143 at press time.

ETH/USD

Ethereum (ETH) is less of a gainer than Bitcoin (BTC), going up by 2.15%.

On the daily chart, the rate of ETH has once again bounced off the area of $1,640. At the moment, one should focus on the vital zone of $1,600.

If the bar closes below it, one can expect a correction to the support of $1,531.

Ethereum is trading at $1,528 at press time.

XRP/USD

XRP is not an exception to the rule, rising by 2.16%.

The rate of XRP has made a false breakout of the $0.51 zone, which means the price is not ready yet for midterm growth. If buyers want to seize the initiative, they need to restore the rate to the $0.54-$0.55 area.

XRP is trading at $0.4946 at press time.

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].