The drop in the price of Bitcoin resulted in a sharp decline in the cost of the remaining altcoyins.
Bitcoin yesterday broke through the lower border of the outset, in the form of a zero Fibonacci level, and came out of an almost two-week flat. On the decline, the pair overcame the level of the April Fiscal minimum of 6427.16 USD and updated the June low, which was set on June 13, at 6120.00 USD, to the level of 5940.00 USD. The price did not stay long at the point of the new minimum and quickly began to recover to the zone of six thousand.
It should be noted that the price did not test the reversal level of 5920.00 USD and the annual minimum of February has not yet been updated.
Today, the price continues to recover gradually and is currently in the area of the minimum on June 13 - USD 6120.00. Most of the exchangers are slow to reduce the exchange rate to the exchange level and change USD to BTC in the range of 6,300 to 6,400. It seems that the price, indeed, will be able to recover to the level of the April FYI minimum and consolidate slightly in this area.
The reversal level of February - 5920.00 USD has not been tested yet. It is unlikely that in June he will retain his property to change the trend. Most likely, in the near future, the price will update the annual minimum set on February 6 at the level of 5920.72 USD and get sane support in the field of the green line of 5500.00 USD.
BTC/USD
After an eight-hour chart received a stochastic signal to decline, Ethereum's price accelerated the fall and tested the key support level of 23.6% Fibo (485.31 USD). For three hours the struggle for this level continued, but the sale of the airwaves did not end there. Sales volumes increased and, soon the price, on the decline, was already approaching a minimum at 460.46 USD.
The desire of bulls to restore the price to the previous level was very high and, on average, the price was indeed restored. A new wave of decline has undoed all efforts to restore the pair. At the close of the day, a minimum of 457.00 USD was fixed, but the support of the green line at the level of 460.00 USD slightly suspended the decline.
Today began with the minimums at 450.00 USD, but the price quickly returned above the support level of 460.00 USD. We believe that after the consolidation above this level, we are expected to re-test another level of support, which is located at around 436.00 USD.
ETH/USD
The languid dynamics of Ripple in a two-week flat immediately disappeared after the breakthrough of the support level of 0.513 USD. The price left the outset and, on the decline, set a daily minimum of 0.470 USD. The support line of 0. 477 USD was able to keep the price from further decline and the pair recovered above this level. At the moment, the pair XRP / USD is consolidating in the price band 0.485 USD - 0.495 USD. At the weekend, a breakout of the support level of 0.477 USD and a zero Fibonacci retracement test of 0.450 USD are possible.
XRP/USD
