Category: Crypto

Bitcoin Still Correcting

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex On Tuesday, February 23rd, the BTC keeps correcting, declining to 50,436 USD. It reached its peak of 57,640 USD on February 21st and has been declining since then. On D1, the pair bounced off the resistance level and keeps declining. The aim of the pullback is 23.6% Fibo. The MACD histogram is positive, declining, which increases the chances for further correction. The signal lines …
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XRP Price Analysis: XRP Consolidating

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex On Friday, February 19th, the XRP is consolidating, balancing near 0.5280 USD after a rather volatile week. On D1, XRP/USD keeps correcting upon sky-rocketing. We suggest that currently, the quotations can break through 61.8% Fibo and go on declining. The aim of the pullback is 0.4495 USD (50.0% Fibo). The MACD histogram is above zero, declining, which is another signal for further correction. Upon …
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Bitcoin: The Next Upside Target is at $55,000

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex Earlier today, Bitcoin updated its all-time high once again. However, the correction that took place on February 15th, 2021, made over 300 thousand traders close their positions with a total loss of $2 billion. Almost all these positions were long – traders are in a hurry to buy the cryptocurrency even when the asset is on the top. Still, more experienced investors recommend entering …
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