#BitcoinKeyZone Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC and XRP stalls while ETH eyes rally
Bitcoin price faces rejection around the $101,109 level, suggesting a decline ahead.
Ethereum price approaches $4,000 resistance level; a firm close above this suggests a rally ahead.
Ripple price finds support around $1.96; a firm close below this would indicate a decline ahead.
Bitcoin $BTC faces resistance near $101,100, hinting at a potential downturn. At the same time, Ethereum (ETH) eyes a rally if it can firmly close above $4,000, and Ripple (XRP) holds support at $1.96, with a breakdown signaling a possible decline.
Bitcoin bulls show signs of weakness
Bitcoin price faced rejection on the daily resistance level of $101,109 on Thursday and declined 1.11%. At the time of writing on Friday, it trades slightly down around $99,700.
If the $101,109 level continues as resistance, BTC could extend the decline to retest its psychologically important level of $90,000.
The Relative Strength Index (RSI) on the daily chart reads 60, rejecting the overbought level of 70 on Sunday, indicating signs of weakness. Moreover, if the RSI daily closes below the neutral level of 50, it generally indicates bearish momentum is gaining traction, leading to a further decline in Bitcoin’s price.
BTC/USDT daily chart
Conversely, if BTC continues its recovery and closes above $104,088, it could extend the rally toward a new all-time high of $119,510. This level aligns with the 141.4% Fibonacci extension line drawn from the November 4 low of $66,835 to the December 5 all-time high of $104,088.
Ethereum price looks promising
Ethereum price faced rejection around the $4,000 psychological level on December 6 and declined 9.2% over the next four days. It retested the weekly support of $3,522 on Tuesday and recovered 7% until Thursday. At the time of writing on Friday, it trades slightly higher, approaching the $4,000 level.
If $ETH breaks and closes above $4,000, it could rally 12% to retest its December 9, 2021.