Ripple, Ethereum, Bitcoin: Bitcoin struggles at $64,000
Bitcoin price faces daily resistance at $64,000.
Ethereum price crosses the $3,500 falling trendline and is rejected.
Ripple price confronts daily resistance at $0.500.
Bitcoin (BTC) fell 1.05% on Wednesday due to resistance at $64,000. Ethereum (ETH) and Ripple (XRP) also face resistance, falling 1% and 0.5%.
Bitcoin price challenges $64,000. Bitcoin fell 1.05% to $61,488 on Wednesday after the daily resistance level at $63,956 rejected it on Monday.
BTC might increase 5% to retest its weekly barrier at $67,147 if it breaks $63,956 daily resistance.
BTC may advance 6% to retest weekly resistance at $71,280 if bulls are active and the crypto market is upbeat.
If BTC closes below $58,375 and makes a lower daily low, negative sentiment may prevail. Bitcoin's price may drop 3% to $56,522, its May 1 low.
Descending trendline rejects Ethereum price. Ethereum fell 1% to $3,386 on Wednesday after the declining trendline rejected it on Monday. Joining numerous swing highs from June 9 to July 1 forms this declining trendline.
If ETH breaks over the $3,500 falling trendline, it might advance 5.5% to $3,717, its June 9 high.
If ETH closes over $3,717, its June 9 high, it might rise 7% to $3,977, its prior resistance level.
However, Ethereum's daily candlestick closing below $3,240 would generate a lower bottom and shatter the market structure. This would contradict the bullish argument, perhaps causing a 12% drop below $2,862 support.
Ripple struggles at $0.50.
Ripple trades at $0.483, below $0.50 daily resistance.Ripple's price might gain 7% to $0.532, its June 5 high, if it breaks $0.50.
If the XRP daily candlestick finishes above $0.532, it might surge 9% to $0.581, a 50% price retracement level between $0.419 and $0.744 from March 11 to April 13.
If the Ripple price daily candlestick finishes below $0.450, the June 7 low, the optimistic outlook would be dashed. XRP's price might drop 7% to $0.419, the April 13 low.
