Bitcoin price breaks above the consolidation zone between $57,000 and $62,000, with an impending rally ahead.

Ethereum price approaches the $2,900 resistance barrier; breaking above signals a bullish move ahead.

Ripple price achieving a breakout above the $0.626 resistance level could suggest a positive trend.

Bitcoin (BTC) price broke out of the consolidation zone between $57,000 and $62,000, showing that a rally is imminent. Ethereum (ETH) is moving close to the $2,900 resistance level, which, if crossed, indicates a bullish move. Ripple (XRP) breakthrough over the $0.626 barrier level may portend an uptrend.

Bitcoin price shows potential for a rally as it breaks above key resistance

Bitcoin price broke above its resistance level, the 200-day Exponential Moving Average (EMA) at $62,280 and its 61.8% Fibonacci retracement level (drawn from the high on July 29 to the low on August 5) at $62,042 on Friday. At the time of writing on Monday, it is slightly down 0.2% at $64,144.