BTC/USD Current situation: The price of Bitcoin went down from its consolidation zone. We expect a further decline in BTC/USD quotes to $5000. After the end of the pulse, we expect a correction up to the previously broken support line in the area of $5700- $6000.
Cancellation of the scenario may be caused by Bitcoin price increase above $6100.
Forecast: BTC/USD price reduction from $5400 and target $5000.
ETH/USD Current situation: The quotation of the Ethereum broke through the support line near the level of $185 and is currently trading below this level.
We remain in the position of sellers. The main resistance zone is the range: $185- $195. We expect the price of ETH/USD to fall to levels: $150, $110.
We do not exclude a correction up to the zone of resistance: 185-195.
Forecast: Ripple price reduction from $0.44 and target near $0.30 level.
BCH/USD Current situation: Bitcoin Cash price has broken through the $500 level and is being traded under it. The next decisive level of support is the $425 level. Yesterday, the Bitcoin Kesh quotation failed to consolidate below this level.
If the BCH/USD sellers manage to return the quotation below the 425 level, then we expect the update of the lows of BCH/USD price in the zone of $400- $350. Also, do not exclude the fall in prices to $300.
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