Bitcoin price rebounds off $92,606 support, signaling a recovery.
Ethereum price approaches its upper consolidation level of $3,522; a close above would show bullishness.
Breaking the top symmetrical triangle barrier might boost ripple price.
Bitcoin bulls want $100,000.
Bitcoin price increased 4.5% in three days after finding support around $92,606's 61.8% Fibonacci retracement level on Monday. This level is a crucial reversal zone since it matches the 50-day EMA at $93,588. As of Friday, it trades at $97,000.
If $92,606 holds as support, BTC will surge to $100,000, its psychological threshold. If it closes above it, it might surge to its December 17, 2024, all-time high of $108,353.
If BTC closes below $92,606, it will fall further to retest its crucial support level of $90,000.
Ethereum trades between $3,245 and $3,522. Following its 50% price retracement at $3,245 on December 23, 2024, Ethereum price consolidates between $3,245 and $3,522. As of Friday, it trades at $3,461, near its top consolidation level of $3,522.
Assuming ETH breaks over $3,522, it might surge to $4,000.
The daily chart RSI is 48, below 50, indicating trader indecision. Like Bitcoin, the MACD indicator is above to flip a bullish crossing on the daily chart, indicating an upward trend.
If ETH breaks and closes below $3,245, its lower consolidation range, it will fall below $3,000
Ripple price may rise
From early December to early January, ripple price trades in a symmetrical triangle, a technical pattern with many high and low levels and two converging trendlines. The aim of this bullish technical pattern is usually the distance between the initial swing high and low to the breakout point. On Friday, Ripple traded around $2.45, nearing the triangle's top trendline.
This pattern's technical goal is $3.63 if a daily candlestick closes above the daily resistance level at $2.56. After a 17% surge to retest Ripple's psychological significance threshold of $3.00, traders may book gains and stall this potential advance.
Отказ от ответственности: на платформе опубликованы материалы и мнения третьих лиц. Не является финансовой рекомендацией. Может содержать спонсируемый контент.См. Правила и условия.
BTC
97 738,5
-0.09%
ETH
3617,5
+0.87%
XRP
2,3456
-3.92%
9.8k
0
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