A new week has started with a continued market bounce back, according to CoinMarkeCap.Top coins by CoinMarketCap
The rate of Bitcoin BTCUSD has risen by 2.24% over the past day.Image by TradingView
Despite today’s rise, the price of BTC is about to close far from its peak. If that happens, there are low chances of a further upward move.
In this case, sideways trading in the area of $54,000-$57,000 is the most likely scenario.
Bitcoin is trading at $55,278 at press time.
Ethereum ETHUSD is less of a gainer than BTC, going up by 0.89% since yesterday.Image by TradingView
From the technical point of view, the rate of ETH is looking bearish. If today’s bar closes far from its peak, traders may witness a test of the $2,200 range soon.
Ethereum is trading at $2,291 at press time.
The rate of XRP has risen by 1.08% over the past 24 hours.Image by TradingView
Today’s slight rise has not affected the technical position of the coin on the chart. The volume remains low, which means ongoing consolidation in the zone of $0.51-$0.54 is the most likely scenario.
XRP is trading at $0.5285 at press time.
