Bitcoin (BTC) price struggles to break through the $70,000 threshold, while Ethereum (ETH) and Ripple (XRP) are maintaining stability at their daily support levels, suggesting a potential rally could be on the horizon.
Bitcoin price faces rejection around the weekly level of $69,648, a close above it would indicate a bullish move. Ethereum price finds support around the daily level of $3,076, signaling a potential bullish trend on the horizon. Ripple price finds support around the daily support level at $0.544, with an impending rally eyed.
The Relative Strength Index and the Awesome Oscillator on the daily chart have briefly slipped below their neutral levels of 50 and zero, respectively. If bulls are indeed making a comeback, then both momentum indicators must maintain their positions above their respective levels. Such a development would add a tailwind to the recovery rally.
Bitcoin Ethereum Cryptocurrencies Technical Analysis
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