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.
Current situation: Bitcoin price came out of the consolidation level upwards and today reached the level of $6900. We expect the continuation of growth to the level of $7160 and possibly higher. The main driver in the market will be the ProShares Bitcoin ETF application.
Forecast: We continue to expect the end of the correction of Bitcoin's price in the $7000- $7500 zone. After the end of the correction, we forecast a decrease in the asset to levels: $5800, $5400.
ETH/USD Overview: The global trend remains descending.
Current situation: The Ethereum quotation followed Bitcoin to $300 and retreated to $280. If the price can stand on current values, the growth will continue to the previously voiced zone of $350- $380. This growth is corrective, after a strong fall in price.
Forecast: Continuation of the price reduction of the Ethereum from the zone of $350- $380 and the target in the $240- $220 zone.
XRP/USD Overview: The trend is downward.
Current situation: The quotation of Ripple went from consolidation up to the level of $0.35. At the moment, the price of XRP/USD is trying to test the support level of $0.33. We expect the continued growth in the price of Ripple to the $0.38- $0.42 zone, after which the price will continue to fall to the level of $0.24.
Forecast: Continuation of the decline in the price of Ripple from the zone $0.38- $0.42 and the target at $0.24.
BCH/USD Overview: The trend is bearish.
Current situation: Bitcoin Cash was no exception and rose to $575. At the moment the quotation is trading near the $550 mark. If the price can overcome the level of $600, the price increase will continue to the $650- $680 zone.
Forecast: Reduction of the Bitcoin Cash price from the level of $680 and the first target near the $450 mark.
LTC/USD Overview: The trend is bearish.
Current situation: We continue to expect the correction of LTC/USD price up to the $65- $70 zone. After that, the continued decline in the LTC/USD quotation in the direction of the trend, to $46. We do not exclude the option of Litecoin price lowering to $46, without correction to the specified zone ($65- $70).
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