Bitcoin (BTC) is taking a breather after reaching a record high of $123,218 last week, consolidating within a tight range as traders await the next move.
Bitcoin price has consolidated between $116,000 and $120,000 after reaching a new all-time high of $123,218 last week. Ethereum price closes above the daily resistance at $3,730, with bulls targeting the $4,000 mark. Ripple ’s XRP finds support at a key level at $3.40, hinting at a sign of rally continuation. Bitcoin is taking a breather after reaching a record high of $123,218 last week, consolidating within a tight range as traders await the next move.
At the time of writing on Monday, it trades slightly higher at $3.47, having found support around the daily level of $ 3.40 during the weekend.If XRP continues its upward trend, it could extend the rally toward the record level at $3.66. A successful close above this level will extend the rally toward its 141.40% Fibonacci extension level at $4.13, drawn from the January high of $3.40 to the April low of $1.61.
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