Fxstreet: Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Altcoins to pump once BTC bottoms out, slow grind up for now
📉 Bitcoin (BTC) Update: BTC slipped below $60,000 ahead of the FOMC meeting but rebounded to $58,000 post-announcement. The key level to watch is $59,200 for a solid recovery, with support at $55,831 and potential downside towards $52,000 if bearish sentiment persists. RSI and AO indicators suggest cautious optimism among BTC bulls. 🐂
📈 Ethereum (ETH) Analysis: ETH consolidates within a bullish falling wedge pattern. A breakout above $3,212 could trigger a 25% move towards $4,250. However, failure to hold above $2,900 might signal bearish momentum with potential downside. Traders await RSI confirmation for long positions. 🌐
💧 Ripple (XRP) Outlook: XRP defends key support at $0.4952, with bullish momentum indicated by higher lows in RSI. Upside targets include $0.5715 and potentially $0.6000, while a break below $0.4782 could lead to further downside towards $0.4500 or $0.4188. Traders monitor Fibonacci levels for potential trends. 📉
