Bitcoin price finds support at $92,606, suggesting a potential rally towards $100,000. Ethereum approaches its upper consolidation level of $3,522, with a break signaling a bullish trend. Ripple price consolidates within a symmetrical triangle, a breakout from which could indicate a rally.
Bitcoin price bounces off the key support level of $92,606, suggesting a recovery on the cards. Ethereum price approaches its upper consolidation level of $3,522; a firm close above would signal a bullish trend. Ripple price could rally if it breaks above the upper symmetrical triangle boundary. Bitcoin ’s price finds support around its key level, while Ethereum ’s price is approaching its key resistance level; a firm close above it would signal a bullish trend.
This technical pattern has a bullish bias, and the target is generally obtained by measuring the distance between the first swing high and the first swing low to the breakout point. As of Friday, Ripple trades at $2.45, approaching the triangle’s upper trendline. Assuming the breakout happens by closing a daily candlestick above the daily resistance level at $2.56, the technical target obtained by this pattern would be $3.63.
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