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: Today, Bitcoin's quotation reached $6760 at the moment, after which it dropped to $6400 and is currently trading near this level. We characterize this growth as a short squeeze in a thin market. We expect a further decline in BTC/USD to the zone of $5800- $5500.
Forecast: Bitcoin price reduction from $6400 with a target $5700.
ETH/USD Overview: The global trend remains descending.
Current situation: The price of ETH/USD is near the $200 mark. Today's growth of quotation to $220 is not a change in trend, and we still expect the price of Ethereum to fall to $180- $150.
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 XRP/USD today tested the level of $0.46 and went below. We expect a further price reduction for Ripple to $0.34- $0.30. The signal for this will be top-down breaking through the level of $0.38.
Also, we do not exclude the renewal of minimum prices in the $0.20- $0.15 zone.
Forecast: BCH/USD price reduction from $450 and target $350.
LTC/USD Overview: Trend is bearish.
Current situation: We predict a fall in the price of Litecoin to $46 and possibly even lower. Today's price increase to $57 is not a change in the downward trend. We remain on the side of the sellers of this asset.
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