Price Analysis: Bitcoin ($BTC ), Ether ($ETH ), and $XRP , as of December 11:
Bitcoin (BTC)
Current Price: $97,604
Support Level: Found near $94,000 on Dec. 10.
Resistance Levels: Needs to break above $101,351 to $104,088 to resume the uptrend.
Potential Targets: Could rally to $113,331 and later to $125,000 if it clears resistance.
Downside Risk: If it breaks below the 20-day EMA ($96,133), it may fall to $90,000.
Market Sentiment: Positive, with a potential for a 25-basis point rate cut boosting risky assets.
Ether (ETH)
Current Price: $3,692.25
Support Level: Bounced off the downtrend line on Dec. 10.
Resistance Levels: Aiming for $4,000, with potential to rally to $4,500 if it breaks above.
Downside Risk: If it turns down and breaks below the downtrend line, the positive view is invalidated.
XRP (XRP)
Current Price: $2.14
Support Level: Finding support at the 61.8% Fibonacci retracement level of $1.90.
Resistance Levels: Could reach $2.65 and then $2.91.
Potential Targets: If it breaks above $2.91, it could surge to $3.50. Below $1.90, it may fall to $1.631.