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 expect this asset to decline to $6100, $5700 levels.
Cancellation of the short scenario will be caused by a rise in the Bitcoin price above $6800.
Forecast: Bitcoin price reduction from $6400 with a target $5700.
ETH/USD Overview: The global trend remains descending.
Current situation: The situation remains the same. 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: ETH/USD price reduction starting from $200 and target in the $180- $150 zone.
XRP/USD Overview: The trend is downward.
Current situation: Ripple's price continues to be traded near its uptrend support line. If the sellers manage to break through the $0.44- $0.40 zone, then we will expect quotation of XRP/USD near $0.30.
In addition, 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.
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