Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC drops below $92,000 as technical indicator shows a bearish divergence

11/27/2024 09:09:35 GMT

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By

Manish Chhetri

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC drops below $92,000 as technical indicator shows a bearish divergence

Bitcoin price hovers around $93,400 on Wednesday after declining 6% since Monday.

Ethereum price is nearing its weekly resistance of $3,454; a close above this level indicates a rally ahead.

Ripple price closed below the key support level of $1.40 on Tuesday, suggesting a pullback on the horizon.

Bitcoin (BTC) hovers around $93,400 on Wednesday after declining 6% since the start of the week. BTC's technical outlook supports the price correction, as the Relative Strength Index (RSI) shows a bearish divergence. Ripple (XRP) followed BTC and closed below a key support level on Tuesday, suggesting a pullback on the horizon. However, Ethereum (ETH) shows signs of optimism as it approaches its critical resistance; a close above this resistance indicates a rally ahead.

Bitcoin price momentum shows bearish divergence

Bitcoin price reached a new all-time high (ATH) of $99,588 on Friday and started declining. BTC declined 7%, falling to a low of $90,791 on Tuesday. At the time of writing on Wednesday, it hovers slightly above $93,400.$ETH