Bitcoin (BTC) and Ethereum (ETH) prices encountered rejections upon reaching resistance levels near $65,000 and $3,530, respectively.
Bitcoin price experiences rejection as it meets resistance around the $65,000 level. Ethereum price faces resistance at $3,530, the 61.8% Fibonacci retracement. Ripple price could pause to the 61.8% Fibonacci retracement at $0.480 before continuing the bullish momentum. Bitcoin and Ethereum prices encountered rejections upon reaching resistance levels near $65,000 and $3,530, respectively. Meanwhile, Ripple price might undergo a pullback towards the 61.8% Fibonacci retracement level at $0.
If the $3,240 level holds as support, where the previously breached trendline resistance now acts as a supportive barrier, ETH could rise 8.6% to revisit its daily high of $3,524, set on July 1. The Relative Strength Index on the daily chart is trading above the neutral level of 50, and the Awesome Oscillator is on its way to doing the same. If bulls are indeed making a comeback, then both momentum indicators must maintain their positions above their respectivemean levels.
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