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The top 3 price predictions for Bitcoin, Ethereum, and Ripple are anticipating a rebound.
- The price of bitcoin recovers from the crucial support level of $92,606, indicating that a recovery is imminent.
- The price of Ethereum is getting closer to $3,522, which is its upper consolidation level; a strong closing above this would indicate a positive trend.
- If the price of ripples breaks above the upper symmetrical triangle limit, it may rise.
The price of Ethereum (ETH) is getting near to its important resistance level; a strong close above it would indicate a positive trend, while the price of Bitcoin (BTC) finds support around its key level. On Friday, the price of ripple (XRP) is trading inside a symmetrical triangle; a breakthrough from this could portend a future rally.
Bulls in bitcoin aim for $100,000.
After finding support on Monday at the 61.8% Fibonacci retracement level of $92,606, the price of bitcoin increased by 4.5% during the following three days. This level is a crucial reversal zone since it nearly corresponds to the 50-day Exponential Moving Average (EMA) at $93,588. It is currently trading at over $97,000 as of Friday.
Bitcoin will continue to rise and retest its crucial psychological significance milestone of $100,000 if the $92,606 level holds as support. An subsequent surge to retest its all-time high of $108,353 on December 17, 2024, would be extended if it were to close above it.
The daily chart’s Relative Strength Index (RSI) is showing an increase in bullish momentum with a reading of 51, above its neutral value of 50 and pointing upward. Furthermore, a bullish crossover is going to be flipped by the Moving Average Convergence Divergence (MACD) indicator on the daily chart. The MACD (blue line) will provide purchase indications indicating an upward trend if it crosses over the signal line (orange line).
However, Bitcoin would continue to fall and retest its important support level at $90,000 if it closes below the $92,606 mark.
The price of Ethereum hovers between $3,245 and $3,522.
After establishing support around its 50% price retracement level of $3,245 on December 23, 2024, the price of Ethereum consolidates between the $3,245 to $3,522 levels. It is currently trading at about $3,461, which is close to its upper consolidation level of $3,522, as of Friday’s posting.
Ethereum would continue to rise and retest its psychological significance milestone of $4,000 if it were to break above the $3,522 mark.
The daily chart’s RSI of 48, which is below its neutral figure of 50, indicates that traders are unsure of themselves. On the daily chart, the MACD indicator is above to flip a bullish crossover, indicating an upcoming upward trend, similar to that of Bitcoin.
On the other hand, Ethereum would continue to fall and retest its next support level at $3,000 if it broke and closed below $3,245, its lower consolidation band.
The price of ripple has the potential to rise.
From early December to early January, the price of ripples is trading inside a symmetrical triangle, a technical pattern made up of two convergent trendlines joining several high and low levels. The aim of this bullish technical pattern is often determined by calculating the separation between the breakout point and the first swing high and low. Ripple is trading close to the triangle’s upper trendline at $2.45 as of Friday.
The technical target reached by this pattern would be $3.63 if the breakout occurs by completing a daily candlestick above the daily resistance level at $2.56. This speculative rise should raise caution among investors because it may slow down following a 17% rally to retest Ripple’s
The RSI indicator indicates an increase in bullish momentum when it reads 61 points higher than its neutral value of 50. Similar to Ethereum and Bitcoin, the MACD indicator is above to flip a bullish crossover on the daily chart, indicating an impending upward trend.
However, XRP would continue to fall and retest its next support level at $1.40 if it closes below the $1.96 daily support level.
FAQ
Bitcoin’s key support level is $92,606, which has proven crucial for maintaining a recovery trend. If this level holds, Bitcoin is likely to aim for the psychological milestone of $100,000 and potentially retest its all-time high of $108,353. A break below $92,606 could lead to a retest of $90,000.
Ethereum’s price is approaching its upper consolidation level at $3,522. A strong close above this level would signal a bullish trend, with a potential rise to the $4,000 mark. Indicators like the MACD hint at an upcoming bullish crossover, while the RSI suggests that traders are cautiously optimistic.
Ripple’s symmetrical triangle pattern is a bullish technical formation. A breakout above $2.56 could see the price rally to $3.63. However, investors should monitor price movements closely, as the rally may slow after an initial surge.
For all three cryptocurrencies, technical indicators like the RSI and MACD are signaling potential upward trends. The RSI values for Bitcoin, Ethereum, and Ripple are nearing or exceeding neutral levels, indicating increasing bullish momentum. Additionally, the MACD indicator is showing signs of imminent bullish crossovers.
Traders should be cautious of key support levels being breached, as this could invalidate bullish trends. For example, Bitcoin may drop to $90,000 if it fails to maintain $92,606, Ethereum could retest $3,000 if it breaks below $3,245, and Ripple might fall to $1.40 if it closes below $1.96. Always consider market volatility and external factors influencing cryptocurrency prices.
Bitcoin 
Ethereum 
XRP 
Tether 
Solana 
BNB 
Dogecoin 
USDC 
Cardano 
Lido Staked Ether 
TRON 
Avalanche 
Shiba Inu 
Toncoin 
Pepe