Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC on the verge of breakout, ETH and XRP hold key support levels :
Bitcoin price inches closer to the critical $105,000 resistance; a daily close above could trigger a run toward its all-time high.
Ethereum tests key support at the 200-day EMA of around $2,438, a crucial level for maintaining a bullish structure.
XRP stabilizes near the 50-day EMA at $2.27, defending support amid broader market consolidation.
Bitcoin (BTC) price is approaching a crucial resistance level at $105,000 on Friday; a breakout would determine whether bulls regain full control. Ethereum (ETH) and Ripple (XRP) prices hold key support zones that may dictate the next directional move. As BTC nears a potential breakout point, ETH and XRP must defend their support levels to sustain the broader bullish momentum.
Bitcoin could rally toward its all-time highs if it closes above $105,000
Bitcoin has failed to close above the $105,000 resistance level and has faced multiple rejections since Sunday. BTC has been consolidating below this resistance level for the past four days. At the time of writing on Friday, it is nearing the key resistance level at $105,000.
If BTC breaks and closes above $105,000 on a daily basis, it could extend the rally toward the all-time high of $109,588 set on January 20.
The Relative Strength Index (RSI) on the daily chart reads 70, hovering around its overbought levels of 70, indicating bullish momentum. However, traders should be cautious as the chances of a pullback are high due to its overbought condition. Another possibility is that the RSI remains above its overbought level of 70 and continues its upward trend.
On the other hand, if BTC faces rejection around $105,000, it could extend the decline to retest the psychological support level at $100,000.
Ethholds strong around its 200-day EMA
Eth price retested and found support around its 200-day Exponential Moving Average (EMA) at around $2,438 on Monday and rallied 7.38% the next day. However, ETH lost most of its recent gains and declined until Thursday.
