🔥🔥🔥 Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Bitcoin volatility surges amid impact of US CPI data:
📌 Bitcoin price finds resistance around the weekly level of $58,375; a breakout of this level could signal a bullish move.
• Ethereum finds support around the key level at $2,817, with potential recovery on the cards.
• Ripple price finds support around the weekly support level of $0.413, impending rally eyed.
📢 Bitcoin (BTC) initially dipped before rallying after the release of US CPI data on Wednesday. Ethereum (ETH) and Ripple (XRP) are possibly set to mirror BTC’s pattern, showcasing the synchronized dance of cryptocurrency markets.
🔥 Bitcoin price shows potential
Bitcoin has encountered resistance near the $58,375 weekly resistance throughout this week. As of Friday, BTC is trading at $57,250, showing a slight decline of 0.2%.
Furthermore, BTC is currently below a descending trendline formed by connecting multiple swing high levels from early June to mid-July.
If BTC closes above the weekly resistance at $58,375 and a breakthrough above the descending trendline could potentially lead to a 9% increase, targeting a revisit of the daily resistance at $63,956.
Ethereum price displays resilience with promising upside
Ethereum's price found support on Monday at $2,817, which was its low on May 1. It rebounded by 2.7% in the next two days. As of Friday, it is trading slightly up by 0.32% at $3,059.
🔥 If Ethereum's price closes above the $3,240 level, ETH could potentially increase 8.8%, targeting a retest of its daily high from July 1 at $3,524.
🔥 Ripple price eyes a rally
Ripple's price found support near the weekly mark of $0.413 early this week, rebounding by 4% over the subsequent two days. As of Friday, it trades up by 0.6% to trade at $0.452.
A daily close above the $0.450 threshold for XRP could potentially fuel an 11% rally, targeting a revisit of its daily resistance level at $0.499.
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