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Bulls are coming back to the game, according to CoinStats.
BTC/USD
The price of Bitcoin (BTC) has gone up by 2.07% since yesterday.
Despite today’s rise, one should pay attention to the daily bar’s closure. If it happens far from the peak, sellers may again seize the initiative, which can lead to a drop to the $62,000 area.
Bitcoin is trading at $62,739 at press time.
ETH/USD
Ethereum (ETH) has followed the rise of BTC, growing by 1.93%.
From the technical point of view, Ethereum (ETH) is trading similarly to BTC. If the daily bar closes around the current prices, sideways trading in the narrow range of $3,450-$3,500 is the more likely scenario.
Ethereum is trading at $3,466 at press time.
XRP/USD
XRP is not an exception to the rule, going up by 1.69%.
On the daily time frame, one should focus on the nearest vital zone of $0.4850.
Related
If the candle closes near it, traders may witness an upward move to the $0.49 area soon.
XRP is trading at $0.4797 at press time.
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