Bitcoin Aims for $100,000 After Strong Recovery
Bitcoin (BTC) found support near $80,000 last week. It rose about 5% this week and hovers around $91,000 on Friday. If the recovery continues, BTC could reach $100,000 soon. The Relative Strength Index (RSI) is at 40 and moving up, showing weaker bearish momentum. The Moving Average Convergence Divergence (MACD) gave a buy signal on Thursday, supporting further gains. If Bitcoin falls, key support sits at $85,000.
Ethereum Nears Resistance at $3,017
Ethereum (ETH) found support at $2,749 on November 22 and gained over 8% in four days. ETH now faces resistance at $3,017. If it breaks above this level, ETH could move toward $3,500. The daily RSI stands at 40 and is rising, indicating less bearish pressure. The MACD showed a bullish crossover on Monday, backing a possible rally. If ETH drops, support remains at $2,749.
XRP Consolidates Near $2.20, Eyes $2.35
Ripple (XRP) found support near the lower trendline of its descending channel last Saturday. It gained 14.19% by Monday but has stayed near $2.20 for three days. If XRP moves higher, its next resistance is $2.35, close to the 50-day EMA at $2.36. Like BTC and ETH, XRP’s RSI and MACD indicators suggest a recovery. If XRP falls, support is at $1.96.
