BTC/USD Current situation: The price of BTC/USD came out of consolidation down, breaking through the level of $4050. At the moment, we expect Bitokin price to drop to the nearest $3500.
On the daily chart you can see the expansion of the downward channel with the support line near the $2000 mark. If Bitcoin prices go below $3000, then we are most likely to see a quote near the $2000 support line.
Cancellation of the scenario may be caused by Bitcoin price increase above $6100.
We expect the continuation of the BTC/USD correction up to levels: $5200, $5700, and possibly to the level of $6100. But for this, the Bitcoin quote needs to be fixed above the level of $4500.
Forecast: After the end of the upward correction, the continuation of the BTC/USD price reduction to the zone of $3000- $2000.
ETH/USD Current situation: No significant changes. The quotation of Ethereum tested the $100 level twice and went up. At the moment, we characterize this growth as a correction in the price of ETH/USD, after a prolonged fall.
The projected levels of correction up: $130, $165, $185.
If the price of Ethereum goes below $110, then we will expect a quote in the range of $90- $85.
Forecast: Reduction of the price of Ripple to levels: $0.30, $0.25.
BCH/USD Current situation: The BCH/USD quote is currently trading near the $160 mark. We expect a continued decline in Bitcoin Cash to levels: $150, $120 and $100.
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