BTC / USD Technical Analysis
Leading cryptocurrency Bitcoin, after rising above $ 57,000, faced a slight backlash and fell back to $ 56,860. Looking at the BTC technical analysis, it seems that $ 53,300 has become an important support.
Bitcoin price broke the record for March with $ 57,000 after breaking the $ 55,000 level. BTC, which tested $ 53,300 twice a day, managed to rise to $ 57,000 again thanks to its increasing volatility.
When the order books and futures markets of the exchanges are examined, it is seen that there are a lot of buy orders, especially between $ 52,250 and 54,000. A notable portion of the sell orders is at $ 57,533, and the BTC price has returned from exactly that level today. If the BTC price closes above $ 57,500, it can bring up to $ 62,500 in a short time.
Ethereum (ETH) On The Rise With Good News Incoming
Ethereum, which has significantly lagged behind its competitors but still maintains its second place, saw over $ 1,800 again with the positive news. Ethereum is trading at $ 1,843 as of the time of this writing, and has gained 23.2% in the past 7 days.
The adoption of the EIP-1559 and the date of the Berlin update spurred the Ethereum price. For ETH, the initial resistance is now at $ 1,860, the second at $ 1,900 and finally at $ 2,200.
The main support on which the price of ETH will endure in a possible decline is at $ 1,800 and $ 1,400. Going below that could lead to a $ 1,200 hike again.
XRP Price Continues To Fall
The uncertainty created by the lawsuit against Ripple continues to adversely affect the XRP price. XRP is trading at $ 0.46 as of the time of this writing and has fallen 3% in the past 24 hours.
Critical support for XRP is $ 0.41, while critical resistance appears at $ 0.52. Although the RSI gives a bullish signal, it seems unlikely that the XRP price will experience a serious rise before the uncertainty in the case ends. The final target for XRP is $ 1 in the short term.