Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Bitcoin eyes upside move on bullish technicals


content provided with permission by FXStreet


  • Bitcoin
    price
    action
    shows
    a
    bullish
    divergence
    on
    the
    momentum
    indicators,
    signaling
    a
    bullish
    move.

  • Ethereum
    finds
    support
    around
    the
    key
    level
    at
    $2,817,
    with
    an
    impending
    rally
    eyed.

  • Ripple
    price
    finds
    support
    around
    the
    weekly
    support
    level
    of
    $0.413,
    with
    potential
    recovery
    on
    the
    cards.


Bitcoin

(BTC)
price
action
indicates
a
bullish
signal
from
the
Relative
Strength
Index
(RSI)
and
the
Awesome
Oscillator
(AO)
indicators,
foretelling
an
upward
trend.
Ethereum
(ETH)
and
Ripple
(XRP)
are
mirroring
Bitcoin’s
path,
finding
stability
at
critical
levels
and
suggesting
potential
price
increases
shortly.


Bitcoin
price
looks
promising
as
technical
indicators
show
bullish
divergence 

Bitcoin
price
encountered
resistance
at
the
weekly
resistance
level
of
$58,375
in
the
past
four
days
and
trades
below
it
around
$57,810,
0.56%
down
on
Wednesday. 

Additionally,
the
formation
of
a
lower
low
in
the
daily
chart
on
July
5
contrasts
with
the
Relative
Strength
Index’s
(RSI)
higher
high
during
the
same
period.
This
development
is
termed
a
bullish
divergence
and
often
leads
to
the
reversal
of
the
trend
or
a
short-term
rally.

If
BTC
closes
above
the
$58,375
weekly
resistance
level,
it
could
rise
9%
to
revisit
the
daily
resistance
at
$63,956.

BTC/USDT daily chart


BTC/USDT
daily
chart

However,
if
BTC
closes
below
the
$52,266
daily
support
level
and
forms
a
lower
low
in
the
daily
time
frame,
it
could
indicate
that
bearish
sentiment
persists.
Such
a
development
may
trigger
a
4%
decline
in
Bitcoin’s
price
to
revisit
its
daily
low
of
$50,521
from
February
23.


Ethereum
price
eyes
rally
following
support
retest


Ethereum
price

found
support
on
Monday
at
the
$2,817
low
of
May
1,
bouncing
1.58%
the
next
day.
At
the
time
of
writing,
it
trades
0.49%
down
at
$3,059
on
Wednesday.

If
ETH
closes
above
the
$3,240
level,
it
could
rise
8.8%
to
retest
its
daily
high
from
July
1
at
$3,524.

The
Relative
Strength
Index
(RSI)
and
the
Awesome
Oscillator
(AO)
on
the
daily
chart
are
below
their
respective
neutral
levels
of
50
and
zero. 
For
bulls
to
sustain
momentum,
both
indicators
must
rise
above
these
critical
levels,
potentially
supporting
the
ongoing
recovery
rally.

Additionally,
if
ETH
closes
above
the
$3,240
level,
it
could
extend
an
additional
rise
of
5.5%
to
retest
its
next
daily
high
at
$3,717
from
June
9.

ETH/USDT daily chart


ETH/USDT
daily
chart

On
the
other
hand,
if
Ethereum’s
daily
candlestick
price
closes
below
$2,817,
forming
a
lower
low
in
the
daily
time
frame,
it
could
indicate
that
bearish
sentiment
persists.
Such
a
development
may
trigger
a
7%
decline
in
Ethereum’s
price
to
revisit
its
daily
support
at
$2,621.


Ripple
price
shows
potential
recovery
rally

Ripple
price
found
support
around
the
weekly
level
of
$0.413
on
Monday
and
bounced
1%
the
next
day.
At
the
time
of
writing,
it
trades
0.2%
down
at
$0.434
on
Wednesday.

If
XRP’s
daily
close
above
the
$0.450
level,
it
could
rally
11%
to
revisit
its
daily
resistance
at
$0.499.

The
Relative
Strength
Index
(RSI)
and
the
Awesome
Oscillator
(AO)
on
the
daily
chart
are
below
their
respective
neutral
levels
of
50
and
zero. 
For
bulls
to
sustain
momentum,
both
indicators
must
rise
above
these
critical
levels,
potentially
supporting
the
ongoing
recovery
rally.

Additionally,
if
XRP
closes
below
the
$0.499
level,
it
could
extend
an
additional
rise
of
6.4%
to
retest
its
next
daily
high
at
$0.532
from
June
5.

XRP/USDT daily chart


XRP/USDT
daily
chart

Conversely,
if
the

Ripple
price

daily

candlestick

closes
below
$0.413
and
forms
a
lower
daily
low,
it
could
indicate
that
bearish
sentiment
persists.
Such
a
development
may
trigger
a
16%
crash
in
Ripple’s
price
to
revisit
its
low
of
March
12
at
$0.347.


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