Summary:
Bitcoin nearing the critical $100,000 psychological level, signaling potential rally continuation.
Ethereum closed above $3,522, indicating strong bullish momentum towards $4,000.
Ripple could see a bullish breakout if it surpasses $2.56, with a target of $3.63.
Bitcoin Price Shows Potential for a Rally Ahead
Bitcoinâs (BTC) price is nearing the critical $100,000 psychological level; a firm close above this threshold would indicate a continuation of the current rally. Bitcoin recently found support around the 38.2% Fibonacci retracement level, rising 6% over six days, trading at approximately $98,900. If BTC maintains its upward momentum, it could retest $100,000 and potentially reach the all-time high of $108,353. The Relative Strength Index (RSI) is currently at 55, indicating bullish momentum, while the MACD has flipped to a bullish crossover.
Ethereum Poised for a Rally as It Closes Above Its Consolidation Zone
Ethereum (ETH) has recently closed above its upper consolidation level of $3,522, suggesting a bullish trend. At the time of writing, ETH is trading at around $3,667. If this trend continues, it could retest the important $4,000 psychological level. The RSI indicates bullish momentum at 57, and the MACD has also shown a bullish crossover.
Ripple Price Could Rally if It Breaks Above the Symmetrical Triangle Pattern
Ripple (XRP) is currently trading within a symmetrical triangle pattern, which is typically bullish. XRP is trading at $2.40, and a breakout above the $2.56 resistance could target $3.63. The RSI reads 58, indicating bullish momentum, while the MACD suggests an upward trend. However, caution is advised as a close below $1.96 could lead to a decline towards $1.40.
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