BTC/USD Overview: Bitcoin is in downtrend. 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 price yesterday broke through the level of $6400 and is currently trading below this level. We expect the price to continue falling to the level of $6100. The medium-term reduction target is in the $5800- $5700 zone.
Forecast: Reduction of the price of BTC/USD from the zone $6300 - $6400 and the target of $6100. We do not recommend buying.
ETH/USD Overview: The global trend remains descending.
Current situation: We expect Ethereum price to continue to decrease from the zone of $210 - $220 and the target near the level of $150. However, for this price it is necessary to overcome the zone $185 - $180.
Forecast: Reduction of the price of ETH/USD from the level of $210. The goal of the reduction is $150.
XRP/USD Overview: Downtrend.
Current situation: Ripple buyers turned out to be a price above $0.32. We characterize this growth as a correction of the price before further decline to the zone of $0.20 - $0.15.
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