The bull run in the crypto market offers exciting opportunities to investors. Especially Bitcoin, Ethereum and XRP holders think that new highs are possible as the end of the year approaches. This positive atmosphere is mobilizing investors. We analyze the price movements and potential targets of BTC, ETH and XRP in the coming week.
Bitcoin Targets $69,000$BTC
Bitcoin has gained 25% in the last 22 days with its rise starting at $ 52,546. Currently trading at $ 65,820, Bitcoin is approaching a significant resistance level. This rise indicates a new breakout as Bitcoin completes its bull flag pattern. Investors expect Bitcoin to break through this resistance line and push its price even higher. Experts predict that Bitcoin will exceed $ 100,000 during 2024 if it breaks out of the bull flag. When they examine the Fibonacci levels, they expect BTC to first reach $ 85,832 and then $ 105,497. However, in the short term, Bitcoin is likely to test $ 69,471 next week. Investors are watching this important level carefully.
Ethereum Rises to $3,103$ETH
Ethereum has started an impressive rise by breaking out of the falling wedge formation. Currently trading at $2,682, Ethereum has broken through the 50-day EMA and increased its strength by breaking out of the 23.60% Fibonacci level. Under the influence of the bull market, Ethereum is rapidly advancing towards the 200-day EMA. In the short term, Ethereum’s price is expected to reach the 200-day EMA of $2,869. In addition, $3,103, which coincides with the 38.20% Fibonacci level, also stands out as a target. If the bull market continues, it seems possible for Ethereum’s price to exceed $5,000.
XRP Targets $0.73$XRP
XRP is at the breaking point of a long-standing resistance trend line. Currently, XRP is stuck between the 38.20% and 50% Fibonacci levels. Ripple’s stablecoin announcement and developments in the SEC lawsuit are giving XRP strong momentum. XRP investors are closely following the upward movement of the price. With this momentum, the price of XRP is expected to rise to $0.66 and then $0.73. If the bull run continues, it will not be a surprise if the price goes up to $1.
General Evaluation
With the effect of the bull market, Bitcoin, Ethereum and XRP are preparing to reach new highs in the short term. Bitcoin's targeting $69,000, Ethereum's $3,103 and XRP's $0.73 are attracting investors' attention. These opportunities encourage opening new positions and strengthening existing investments. The market's volatility offers great potential for short-term investors as well as those developing long-term strategies. This bull run, which continues to give positive signals about the future of crypto assets, creates an exciting period for investors.
