💎𝐁𝐢𝐭𝐜𝐨𝐢𝐧 ($𝐁𝐓𝐂) 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 (𝐄𝐌𝐀) at $93,588, serving as an essential reversal zone. As of now, Bitcoin is trading at $𝟗𝟕,𝟎𝟎𝟎 , reflecting a 4.5% increase over the past three days. If this support level holds, Bitcoin is likely to surge towards its psychological 𝐦𝐢𝐥𝐞𝐬𝐭𝐨𝐧𝐞 𝐨𝐟 $𝟏𝟎𝟎,𝟎𝟎𝟎 . 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 $90,000.
💎𝐄𝐭𝐡𝐞𝐫𝐞𝐮𝐦 ($𝐄𝐓𝐇) 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 $3,000.
💎 𝐑𝐢𝐩𝐩𝐥𝐞 ($𝐗𝐑𝐏) 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 $𝟐.𝟒𝟓 . A daily close above the resistance level at $𝟐.𝟓𝟔 could ignite a potential rally, with the technical target for this breakout at $𝟑.𝟔𝟑. However, the psychological resistance at the $𝟑.𝟎𝟎 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.
💥 𝐈𝐧 𝐬𝐮𝐦𝐦𝐚𝐫𝐲, 𝐁𝐢𝐭𝐜𝐨𝐢𝐧, 𝐄𝐭𝐡𝐞𝐫𝐞𝐮𝐦, 𝐚𝐧𝐝 𝐑𝐢𝐩𝐩𝐥𝐞are 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.
