Original U.Today article

BTC, ETH, and XRP Price Analysis for July 1

Have bears seized the long-term initiative so far?

Price Analysis

Thu, 1/07/2021 - 12:24

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July has started with the ongoing bearish impulse on the cryptocurrency market as the majority of the coins are in the red zone.

BTC/USD

Yesterday morning, the Bitcoin (BTC) price continued its pullback and returned to the lower border of the sideways range that formed earlier this week.

The side corridor is clearly visible on a smaller time frame. Its lower border ($34,000) stopped yesterday's decline and buyers tried to restore the price, but by the end of the day they could not pull the pair out of this sideways range.

Wed, 06/30/2021 - 17:00

Bitcoin Following The Pattern Of Wyckoff Accumulation, Says PrimeXBT Analyst Kim Chua

In this case, there is a high chance to see the ongoing drop to $32,000.

Bitcoin is trading at $33,300 at press time.

ETH/USD

Yesterday morning, the Ethereum (ETH) price pullback stalled around the $2,100 mark and buyers tried to restore the pair. Only by the end of the day, was the price able to approach the POC indicator line ($2,330), but it could not test it.

As of this morning, the pair rolled back from the local maximum zone and may return to yesterday's support of $2,100 during the day. If buyers are unable to seize the initiative, then the decline may continue below the psychological level of $2,000.

Ethereum is trading at $2,104 at press time.

XRP/USD

Yesterday XRP price set a daily low at $0.648. Buyers tried to seize the initiative and returned the price to the $0.70 mark, but again they failed to gain a foothold above this level.

Now one is witnessing a pullback to the area of average prices. If the four-hour EMA55 can withstand the selling pressure, then the price of XRP can be able to bounce above the orange level of $0.70. Otherwise, the pair might return to the upper border of the descending channel.

XRP is trading at $0.6591 at press time.

#Bitcoin Price Prediction #Ethereum Price Prediction #XRP Price Analysis

About the author

Denys Serhiichuk

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.