BTC/USD Overview: Bitcoin trend remains descending. All the highs and lows of the price have a decreasing trend, which is typical for the bear market. If the price of BTC/USD is lower than $5700, where the uptrend line is located (the trend was formed since March 2017), then the long-term reduction targets will be in the $4000- $3000 zone.
Current situation: Bitcoin quotation continue to be in the flat: $6350- $6500. We remain in the position of sellers and expect the price to drop to BTC/USD to $6100. We do not exclude the fall in the price of BTC/USD to the level of $5700.
Cancellation of the short scenario will be caused by a rise in the Bitcoin price above $6800.
Forecast: ETH/USD price reduction starting from $200 and target in the $180- $150 zone.
XRP/USD Overview: The trend is downward.
Current situation: The price of Ripple is trading above the support line of its uptrend. If the sellers manage to break through the $ 0.44- $ 0.40 zone, then we will expect quotation of XRP / USD near $ 0.30. Also, we do not exclude the renewal of minimum prices in the $0.20- $0.15 zone.
Cancellation of the scenario - Ripple price growth above $0.50.
Forecast: Ripple price reduction from $0.45 and target $0.30.
BCH/USD Overview: The trend is bearish.
Current situation: The price of Bitcoin Cash is trading near $450. We expect an update of the historical lows of the BCH/USD price in the $400- $350 zone.
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