๐๐๐ข๐ญ๐๐จ๐ข๐ง ($๐๐๐) has demonstrated remarkable resilience, bouncing off its critical support at $92,606. This key level aligns with the 61.8% Fibonacci retracement and the 50-day exponential moving average (๐๐๐) at $93,588, serving as an essential reversal zone. As of now, Bitcoin is trading at $๐๐,๐๐๐ , reflecting a 4.5% increase over the past three days. If this support level holds, Bitcoin is likely to surge towards its psychological ๐ฆ๐ข๐ฅ๐๐ฌ๐ญ๐จ๐ง๐ ๐จ๐ $๐๐๐,๐๐๐ . A breakout above this could propel it towards a potential new all-time high, targeting the December 2024 peak of $108,353. However, should Bitcoin dip below the $92,606 support, it may retrace further to test the next significant level of $90,000.
๐๐๐ญ๐ก๐๐ซ๐๐ฎ๐ฆ ($๐๐๐) is currently consolidating between $3,245 and $3,522, reflecting strong market indecision. After a notable 50% retracement to $3,245 on December 23, Ethereum has stabilized within this range, with the price trading near the upper boundary at $3,461. If Ethereum manages to break and close above $3,522, it could make a run towards the $4,000 mark. The Relative Strength Index (RSI) is currently below 50, indicating a lack of clear direction, while the MACD shows a bullish cross, hinting at upward momentum. However, if Ethereum breaks below $3,245, it could face further downside, potentially dipping below $3,000.
๐ ๐๐ข๐ฉ๐ฉ๐ฅ๐ ($๐๐๐) is also showing promising signs, as it trades within a symmetrical triangle pattern that has developed since early December. This technical formation is often seen as a precursor to significant price moves. Ripple is currently testing the top trendline of the triangle around $๐.๐๐ . A daily close above the resistance level at $๐.๐๐ could ignite a potential rally, with the technical target for this breakout at $๐.๐๐. However, the psychological resistance at the $๐.๐๐ mark may lead to a short-term pullback, as traders may take profits. Should this breakout materialize, Ripple has the potential to see substantial gains.
๐ฅ ๐๐ง ๐ฌ๐ฎ๐ฆ๐ฆ๐๐ซ๐ฒ, ๐๐ข๐ญ๐๐จ๐ข๐ง, ๐๐ญ๐ก๐๐ซ๐๐ฎ๐ฆ, ๐๐ง๐ ๐๐ข๐ฉ๐ฉ๐ฅ๐are all showing signs of strength as they navigate crucial technical levels. While Bitcoin aims for $100,000 and Ethereum eyes a breakout above $3,522, Ripple's symmetrical triangle pattern points to a bullish scenario, with targets as high as $3.63. Traders should keep a close watch on these key levels, as breaking or holding these support and resistance zones will likely set the tone for the next phase in their price action.
