CandleFocus Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC declines as resistance emerges near all-time high
2024-11-01
Author: Content Editor
Bitcoin (BTC) and Ethereum (ETH) are approaching key support levels, with a potential for further declines if they close below these levels. Ripple (XRP) is also nearing a critical support level, and a firm close below could indicate a continuation of its downtrend. BTC is currently declining and trading around $69,400, with a potential further decline to retest its support level at $66,000. ETH is nearing its support level of around $2,450, and a break below could lead to a decline to retest its September 6 low of $2,150. XRP is trading slightly higher at around $0.512, and a close below $0.488 could result in a decline to retest its August 5 low of $0.431. The RSI indicators for all three cryptocurrencies suggest increasing bearish momentum. However, if these support levels hold, there is potential for a rally and a retest of previous resistance levels.
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