Bitcoin, Ethereum, and Ripple are experiencing price fluctuations this week, showcasing signs of weakness and hinting at a potential further correction. Technical indicators suggest bearish momentum for all three cryptocurrencies.
Bitcoin, Ethereum , and Ripple are experiencing price fluctuations this week, showcasing signs of weakness and hinting at a potential further correction. Bitcoin, after briefly exceeding $100,000 on Monday, experienced a 3.52% decline on Tuesday and currently hovers around $98,000. Technical indicators like the RSI and MACD suggest a bearish momentum for BTC. If the correction continues, it might test the psychologically significant $90,000 level.
However, a recovery and support around $100,000 could lead to a retest of the Friday high at $106,012.Ethereum, after a significant drop last weekend, struggled to maintain its recovery. It declined 5.16% on Tuesday and is currently trading around $2,731. The RSI nears its oversold level, indicating a strong bearish trend. A break below $2,359 could trigger a further decline towards $1,905. Conversely, a recovery might push ETH towards its $3,000 level.Ripple, on the other hand, closed below its ascending trendline on Sunday, signaling a potential downward movement. While it briefly recovered on Monday, it ultimately declined 6.40% on Tuesday and is currently hovering around $2.51. Like Bitcoin and Ethereum, the RSI and MACD show bearish momentum for XRP. A break below $1.96 could lead to a test of the weekly support at $1.40. However, a recovery might push XRP towards its daily resistance level at $2.72
CRYPTOCURRENCY BITCOIN ETHEREUM RIPPLE TECHNICAL ANALYSIS RSI MACD BEARISH TREND
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