BTC/USD Overview: The trend for Bitcoin 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: We expect the continued rise in the Bitcoin price to levels: $6900, $7200. If the buyers get to fix above the level of $7200, then the growth will continue at least to the level of $8000.
Cancelation of the long-term scenario is the price of BTC/USD going below 6600. In this case, we expect a decrease in Bitcoin's price to $6350.
Forecast: The growth of the price of BTC/USD from the level of $6600 and the target near the level of $6900.
ETH/USD Overview: The global trend remains descending.
Current situation: The price of Ethereum yesterday tested the level of $250 and fell to $240. We expect the continuation of the growth of the price of ETH/USD to the $270- $280 zone.
The cancellation of the growth of the price of the Ethereum is the quotation going below the level of $220.
Forecast: The increase in the price of ETH/USD from the level of $230 and the target in the $270- $280 zone.
XRP/USD Overview: Trend is downward.
Current situation: The price of Ripple today broke off from the level of $0.49 and continued its growth. We expect the price to go down to $0.45- $0.42.
Resistance levels: $0.70; $0.76. Support levels: $0.45; $0.42; $0.38.
Forecast: Ripple price increase from the $0.45- $0.42 zone and the target near the $0.70 level.
BCH/USD Overview: Trend is bearish.
Current situation: Bitcoin Cash price yesterday tested the level of $510 and went to a level of $480. We expect the price of BCH/USD to continue rising to $520, after correction down to $460.
The cancelation of the scenario is the price reduction to $440.
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