$BTC

Top 3 Price Predictions: Bitcoin, Ethereum, Ripple – BTC, ETH, and XRP Stabilize Near Critical Support Levels

The price of Bitcoin stabilized around $105,000 on Monday after closing below the key support level the previous week.

Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are showing signs of stabilization around key support levels after a recent correction last week. BTC is trying to regain strength after closing below the critical support level, while ETH and XRP are hovering near technical thresholds that could determine the direction of their upcoming moves.

Bitcoin may decline if it closes below the 50-day exponential moving average.

The price of Bitcoin closed below the daily support level at $106,406 on Thursday and rebounded after re-testing the 50-day exponential moving average at $102,893 the next day. BTC stabilized around the $105,000 level over the weekend. At the time of writing this report on Monday, it continues to consolidate, trading around $105,788.

If BTC fails to close above the resistance level of $106,406 and declines, the drop may extend to re-test the important psychological support level at $100,000.