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Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC, ETH, and XRP to consolidate strong weekly gains :
Bitcoin price stabilizes around $93,000 on Friday, following a 9.5% rally so far this week.
Ethereum price faces resistance around the daily resistance level at $1,861; a breakout signals a potential rally.
XRP approaches the $2.23 resistance; a close above this level indicates an uptrend ahead.
Bitcoin (BTC) price stabilizes around $93,000 at the time of writing on Friday, following a 9.5% rally so far this week. Ethereum (ETH) and Ripple (XRP) followed BTC’s move and rallied by 10% and 5%, respectively. However, these coins exhibit signs of bullish exhaustion on their momentum indicators, suggesting a potential pullback in the upcoming days.
Bitcoin bulls show signs of exhaustion
Bitcoin price broke above this resistance level on Monday, rising 10.45% to close above $93,000 on Thursday. However, BTC failed to close above its March high of $95,000. At the time of writing on Friday, it faces a mild correction and trades near $93,000.
If BTC continues its pullback, it could extend the decline to find support around the $90,000 psychological importance level.
The Relative Strength Index (RSI) on the daily chart reads 66 after being rejected around its overbought level of 70 on Thursday, indicating fading bullish momentum. If the RSI falls below its neutral level of 50, Bitcoin’s price could experience a sharp decline.
However, if BTC continues its upward momentum and closes above $95,000, it could extend the rally to retest its next daily resistance at $97,000.
#BTC
#ETH
#XRP