BTC/USD Overview : The trend for Bitcoin 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 is still in flat: $6350- $6500. And we expect it to exit flat down to the level of $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: Bitcoin price reduction from $6400 and target $5700.
ETH/USD Overview: The global trend remains descending.
Current situation: The market situation is unchanged. The price of Ethereum continues to be near the $200 level. We still expect a decline in the price of ETH/USD to the level of $150.
Forecast: Reduction of the price of ETH/USD from $200 and the goal in the area of $180- $150.
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.
Forecast: Reduction of the price of Ripple from $0.45 and target $0.30.
BCH/USD Overview: The trend is bearish.
Current situation: The situation remains unchanged. Bitcoin Cash price continues to be below $450. We expect an update of the historical lows of the BCH/USD price in the $400- $350 zone.
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