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 attempt to correct, after falling to $6100. Today, the price of BTC/USD even tested the $6350 mark, after which it went lower. Sellers continue to dominate the market, there is no interest from buyers. We expect the asset to continue to decline to $5700, but for this, sellers need to overcome the $6100 mark.
Forecast: ETH/USD price reduction starting from $200 and target in the $180- $150 zone.
XRP/USD Overview: The trend is downward.
Current situation: We expect a further decrease in the price of Ripple to the zone of $0.34- $0.30. The signal for this will be breaking through the top-down level of $0.38. The maximum possible upward correction, before the decline to our goal - the zone $0.45- $0.46.
Forecast: Ripple price reduction from $0.44 and target $0.30.
BCH/USD Overview: The trend is bearish.
Current situation: The price of Bitcoin Cash is below $450. We expect an update of the historical lows of the BCH/USD price in the $400- $350 zone. The maximum level of correction is up, before the decline - the zone is $470- $480.
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