💰 #XRP is step by step playing its 2013-2018 Bullish Fractal🧐
Previously it brought 22,600% returns🔥
Currently $XRP is also breaking of its multi-year Symmetrical Triangle👀 This cycle I do expect #Ripple to break its all time high and go into a price discovery🚀 #XRP #Erinacrypto $XRP
BTC is performing as anticipated following the breakout from the triangle pattern, maintaining its upward momentum. The continuation of this bullish trend is expected, although minor corrections along the way may present fresh opportunities for strategic entry points. #BTC #Erinacrypto $BTC
Bitcoin approaches the key psychological $100,000 resistance zone🧐
Breaking $100,000 could trigger further upward momentum with potential acceleration towards $105,000 - $107,000 range due to short liquidations and breakout entries👨💻
A correction is likely to follow this potential surge
Bitcoin is consolidating within a symmetrical triangle pattern, typically seen as a sign of potential price compression. This pattern suggests the market is gearing up for a decisive breakout following a prior bullish move.
A confirmed breakout, followed by a successful retest of the triangle’s upper boundary as support, would provide strong bullish confirmation and signal the potential for further upside momentum.
Conversely, if BTC faces rejection at the resistance, it may continue oscillating within the triangle, maintaining indecision until a clear breakout or breakdown occurs.
Traders should watch closely for volume spikes and confirmation signals to identify the next directional move. #BTC #Erinacrypto $BTC
Despite the prevailing bullish sentiment, Bitcoin shows no signs of weakness.
In the daily chart, we recently observed a successful breakout from the descending channel, and the retest of this breakout level has been confirmed.
Interestingly, despite the unfilled CME gap, Bitcoin is not showing signs of a significant dump. Instead, it is consolidating, which is a positive indicator for continued bullish momentum.
Looking ahead, Bitcoin appears to be on a trajectory toward $100K. Following this milestone, we might see a corrective move down to $77K, similar to the patterns observed during previous bull runs.