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A new week has begun with the pressure on the Bears, according to CoinMarketCap.
Bitcoin/US Dollar
The price of Bitcoin (BTC) fell by 1.16% over the past day.
On the daily chart, bulls are trying to seize the initiative. However, it is too early to think about a reversal. Even if the candle closes in the green zone, there are low chances of a sharp upward movement. Meanwhile, sideways trading in Space $95,000-$98,000 It is the most likely scenario.
Bitcoin is trading at $96,031 at press time.
ETH/USD
Ethereum (ETH) followed BTC's decline, falling by 1.51%.
Technically, the price of ETH trades similarly to BTC. The price is far from key levels, which means that neither buyers nor sellers are in control. Therefore the volume is decreasing, which confirms the absence of energy. In general, traders are unlikely to see a sharp rise or fall in the short term.
Ethereum is trading at $3,349 at press time.
Ripple/USD
XRP is no exception to the rule, falling by 2.63%.
On the daily chart, XRP price looks neither bullish nor bearish. Neither side has gathered enough energy yet. If buyers want to regain the lost initiative, they must return the price to the $2.40 area. Only in this case is there a chance to see a sustained rise in the mid-term.
XRP is trading at $2.2160 at press time.
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