Bitcoin price might surpass $73,777 as long as #BTC bulls keep pushing.
With a sell signal from the #ETH RSI, the price of Ethereum can drop by 10% before the next leg up.
The absence of Ripple bulls might cause the #XRP price to go below the $6,000 mark.
The price of Bitcoin (BTC) is rising as investors prepare for the Easter vacation. With its price going up, cryptocurrencies are going up as well; Ripple (XRP) and Ethereum (ETH) are two examples of this. The CME Gap has not yet been filled, and there is a great deal of liquidity above and below the price of Bitcoin.
As Bitcoin's price fluctuates within a small band of $70,700 to $68,240, analysts are now waiting for action, either from the market or one side. With this perspective, the retail sector remains passive, somewhat favoring short-term gains.
Crypto bulls propel BTC price beyond $70,000 $BTC
Due to the return of Bitcoin bulls, the price of Bitcoin is now over $70,000. But because the Bitcoin market hasn't had a major driver recently, traders are leaning toward short positions in anticipation of a pullback before the next move up.
Although it's possible, the positive technical indicators might cause a delay. First of all, the RSI is still sitting comfortably above the 50 midline, and it has been making higher highs as momentum has been building. The awesome oscillator and moving average convergence divergence divergence (MACD) both have green histograms, which means that bullish sentiment is on the rise.
If the bulls step up their purchasing pressure, BYC has the ability to extend and reclaim its top at $73,777. If it manages to overcome this obstacle, it might set a new record high.
However, if traders start to cash out now, the surge for Bitcoin price might be stopped short, leading to a retracement. If it drops below the supply zone's mean barrier of $61,509, it may set the stage for a prolonged decline.
Expect a 10% drop in Ethereum price before a pivot $ETH
Because Bitcoin's price is currently stuck, Ethereum's price can fall to $3,160, a decline of almost 10%, before it starts to rise again. To begin with, the MACD has dipped below the signal line, and the AO histograms are blazing, indicating that the bullish trend is waning.
However, as the RSI is preventing additional declines, bulls may be able to push Ethereum price higher. The $4,000 psychological threshold may be reclaimed by the Ethereum price if purchasing pressure increases.
Possible decline in Ripple pricing below $0.6 $XRP
The market value of the payments token XRP might fall below the psychological $0.6000 level and perhaps hit the bottom of the rising parallel channel if Bitcoin's price were to decline, since XRP is also tied to the BTC market.
Nevertheless, if purchasing power increases, the XRP price might enter discovery mode and soar over the $0.7000 mark. The best possible flip would include the $0.8442 support level, although any movement over $0.7620 would be encouraging.