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 have decreased and today is trading below $6400. We expect this asset to decline to $6100. If the resistance of $6100 will be broken through, then in this case we expect a decline in the BTC/USD quotation to the zone of $5800- $5700.
Forecast: Bitcoin price reduction from $6400 with a target $5700.
ETH/USD Overview: The global trend remains descending.
Current situation: The market situation is unchanged. 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: We predict a decline in the price of XRP/USD to the level of $0.30. Also, we do not exclude the renewal of minimum prices in the $0.20- $0.15 zone.
Forecast: Ripple price reduction from $0.45 and target $0.30.
BCH/USD Overview: Trend is bearish.
Current situation: The situation remains unchanged. Bitcoin Cash price continues to be below $450. We expect an update of the historical lows of the BCH/USD price in the $400- $350 zone.
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