Bitcoin Hits New All-Time High at $125,708
Bitcoin (BTC) price rose above $123,800 on Monday. It reached a new all-time high of $125,708 on Sunday. Last week, BTC gained more than 10%. If the price keeps rising, it could reach $130,000 soon. The Relative Strength Index (RSI) is at 71, showing strong buying pressure. The Moving Average Convergence Divergence (MACD) also signals a bullish trend. However, if Bitcoin corrects, it may drop to the key support level at $120,000.
Ethereum Eyes $5,000 as Price Holds Key Support
Ethereum (ETH) price broke above $4,232 last week and rose nearly 9%. It closed above $4,488 and currently holds this level as support. If ETH stays above $4,488, it could move toward its all-time high of $4,956. The RSI is 58, indicating growing bullish momentum. The MACD also supports a positive outlook. If a correction happens, ETH might fall back to $4,232 support.
Ripple (XRP) Breaks Out of Falling Wedge Pattern
Ripple (XRP) price broke above a falling wedge pattern on Thursday. This breakout favors buyers. XRP retested the upper trendline and found support in the following days. It trades near $2.98 on Monday. If XRP continues up, it could reach the next resistance at $3.40. The RSI and MACD indicators also support a bullish view. If XRP corrects, it may drop to the support level at $2.72.
