Bitcoin (BTC) faces resistance near the $64,000 daily level, leading to a 1.05% decline in trading on Wednesday.
Bitcoin price encounters resistance around the $64,000 daily resistance level. Ethereum price experiences rejection as it meets the descending trendline around the $3,500 level. Ripple price faces resistance at $0.500, its daily resistance level. Bitcoin faces resistance near the $64,000 daily level, leading to a 1.05% decline in trading on Wednesday. Ethereum and Ripple similarly encounter resistance, resulting in 1% and 0.5% declines, respectively.
The Relative Strength Index and the Awesome Oscillator in the daily chart are below their neutral levels of 50 and zero. If bulls are indeed returning, then both momentum indicators must maintain their positions above their respective neutral levels. If ETH closes above $3,717, the high of June 9, it could extend an additional rally of 7% to reach its previous resistance level of $3,977.
Bitcoin Ethereum Cryptocurrencies Technical Analysis
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