Summary:
Bitcoin rebounds after retesting $90,000, currently trading at $97,400.
Ethereum shows recovery potential above its 200-day EMA at $3,114.
Ripple rallies 5.17%, targeting $3.63 amidst bullish momentum.
Bitcoin Rebounds After Retesting $90,000 Support Level
Bitcoin (BTC) price dipped to a low of $89,256 but quickly recovered, closing above $94,500 on Monday. By Tuesday, it rebounded 2.14%, closing above $96,500, and is currently trading around $97,400. If BTC maintains this momentum and closes above $100,000, it could retest its all-time high of $108,353 from December 2024. The Relative Strength Index (RSI) is at 53, indicating bullish momentum, while the MACD is on the verge of a bullish crossover.
Note: A drop below $90,000 could lead to a decline towards $85,000.
Ethereum Price Rebounds After 200-Day EMA Retest
Ethereum (ETH) faced rejection at $3,730 on January 6, dropping 15.47% to a low of $2,920. It has since recovered, closing above its 200-day EMA at $3,114 and is currently hovering around $3,223. A close above $3,235 may signal a test of the $3,730 resistance. However, the RSI at 41 and a bearish MACD suggest caution, with a potential decline to $3,000 if support at $3,114 fails.
Ripple Bulls Eye the $3 Mark
Ripple (XRP) recently retested its upper symmetrical triangle boundary, leading to a 5.17% rally. Currently trading around $2.80, XRP could target $3.63 if the upward momentum continues. However, caution is advised as traders may take profits near the $3.00 mark. The RSI at 67 indicates bullish momentum, supported by a bullish MACD crossover.
Note: A drop below $1.96 could lead to a decline towards $1.40.
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