Bitcoin (BTC) price extends its recovery and nears the $100K mark on Friday after facing a healthy correction this week. Ethereum (ETH) and Ripple (XRP) closed above their key resistance levels, indicating a rally in the upcoming days.

Bitcoin recovers and approaches its $100K milestone

Bitcoin price reached a new all-time high (ATH) of $99,588 last week and started declining. BTC declined 7%,falling to a low of $90,791 on Tuesday. However, it recovered slightly on Wednesday. At the time of writing on Friday, it continues to recover and trades around $96,200.

If BTC continues to recover, it could rally to reach its ATH level of $99,588. The daily chart's Relative Strength Index (RSI) indicator reads 67, above its neutral level of 50, indicating bullish momentum. However, traders should be cautious as the Moving Average Convergence Divergence (MACD) indicator showed a bearish crossover on Tuesday, signaling sell signals $BTC