Bitcoin (BTC) is trading above $72,000 on Wednesday after successfully retesting its key support level, setting its sights on an all-time high in the short term.
Bitcoin trades above $72,000 on Wednesday, eyeing its all-time high in the short term. Ethereum price finds support at the ascending trendline, suggesting a possible rally ahead. Ripple price finds support around the $0.488 level; a firm close below would suggest a continuation of its downtrend. Bitcoin is trading above $72,000 on Wednesday after successfully retesting its key support level, setting its sights on an all-time high in the short term.
Ripple price is poised for a downtrend if it closes below $0.488 Ripple price faced resistance from its 200-day EMA at the $0.550 level on October 21 and declined 8.3% until Friday. It retested its August 6 low of $0.488 and recovered 5.22% until Tuesday. At the time of writing on Wednesday, it trades slightly lower, around $0.526. If XRP continues its decline and closes below $0.488, it could extend the decline by 12% to retest its August 5 low of $0.431.
Ethereum Ripple Cryptocurrencies Technical Analysis
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