$BTC

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH and XRP dips as Israel-Iran conflicts escalate 

Bitcoin price edges below $104,000 on Friday after falling 4% over the last two days.

Ethereum extends its losses for the third consecutive day, signaling waning bullish momentum.

XRP closes below its 50-day EMA support at $2.26, increasing the chances of a deeper correction.

Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) prices have dipped as escalating geopolitical tension between Israel and Iran has triggered a risk-off sentiment in the cryptocurrency markets. The top three cryptocurrencies by market capitalization are extending their losses heading into the weekend, with the price action suggesting further correction in BTC, ETH, and XRP.

Bitcoin bears take the lead 

Bitcoin price failed to retest its all-time high of $111,980 following a sharp rally on Monday and declined slightly until Wednesday. It continued its correction on Thursday, closing below the daily support at $106,406. At the time of writing on Friday, it extended its losses and hovers around its 50-day Exponential Moving Average at $102,447.

If BTC closes below its 50-day EMA at $102,447, it could extend the decline to retest its psychological important level of $100,000.

The Relative Strength Index (RSI) slips below its neutral level of 50, reading 45, indicating bearish momentum. The Moving Average Convergence Divergence (MACD) indicator also displayed a bearish crossover on Thursday, issuing sell signals and indicating a downward trend.