$BTC is poised to breakout as $ETH and $XRP stabilize
Monday breakdown over 85000 barrier indicates a positive trend for bitcoin
Ethereum price is at 1600 after rebounding off daily support last week
After hitting its 200day EMA last week XRP steadied around 214 on Monday
Monday Bitcoin BTC price reaches 85000 a major barrier level A breakthrough suggests a positive trend Last week Ethereum ETH and Ripple XRP gained support at crucial levels signaling a comeback
Bitcoin might reach 90000 if it smashes its 200day EMA
Bitcoin price broke and closed above its falling trendline formed by connecting various high levels from midJanuary on Friday and surged 222 the following day It failed at 85000 the 200day Exponential Moving Average EMA and daily resistance level on Sunday As of Monday it trades about 84000
A break and closing over 85000 might continue the surge to 90000 a psychological threshold A closure over this level might continue the surge to 95000 its March 2 high
BTC may revisit its next daily support level at 73072 if it fails to close over 85000
If Ethereum closes over 1700 it may rebound
Ethereum rebounded marginally from 1449 last week but hit resistance around 1700 On Monday it was roughly 1638
If ETHcloses over 1700 it might revisit its next daily barrier around 1861
ETH may repeat its psychological threshold of 1300 if it closes below its daily support level of 1449
XRP bulls want 250
On Wednesday XRP rose 1428 to 195 shattering its 200day EMA The following day it fell 424 and challenged the 200day EMA Sunday saw ,RPretest its April 2 high of 223 As of Monday it stabilizes around 214
After breaking and closing above 223 XRP might climb to 250 its March 24 high
