Bitcoin price is approaching the $70,000 resistance, and a firm close above this mark could trigger a rally to retest its ATH.
Ethereum price is nearing its descending trendline, and a break and close above it signal a rally ahead.
Ripple price consolidates around its 200-day EMA at $0.552; a close above suggests a possible recovery.
Bitcoin (BTC) is approaching the resistance level of around $70,000. A firm close above this mark could trigger a rally to retest its all-time high. Ethereum (ETH) is nearing its descending trendline, with a break and close above signaling a potential rally. Ripple (XRP) is also consolidating around its key level, and a close above suggests a possible recovery.
Bitcoin price could surge to retest ATH if it closes above $70,000Â
Bitcoin price is approaching its July 29 high of $70,079 on Monday after breaking above the psychological level of $66,000 on October 15 and rising 2.7%.
If BTC breaks and closes above $70,079, it could extend the rally to retest its all-time high of $73,777.
The Relative Strength Index (RSI) indicator on the daily chart is trading at 69, nearing its overbought level of 70. If it enters the zone on a closing basis, traders will be advised not to add to their long positions because the chances of a pullback would increase. Another possibility, however, is that the rally continues, and the RSI stays in the overbought
