TOP 3 PRICE PREDICTION BITCOIN, ETHEREUM, RIPPLE: BITCOIN BREAKS ABOVE THE DESCENDING TRENDLINE
- Bitcoin price breaks above the descending trendline on Sunday, signaling a potential bullish momentum in the near future.
- Ethereum's price surges above the $3,240 level, marking a shift in market structure from bearish to bullish.
- Ripple's price breaches the daily resistance level at 0.499 on Saturday, signaling a potential bullish trend on the horizon.
Bitcoin (BTC) broke above its descending trendline on Sunday, signaling potential bullish momentum in the near term. Concurrently, Ethereum (ETH) and Ripple (XRP) also surged, surpassing significant resistance levels and setting the stage for a bullish trajectory across the cryptocurrency market.
Bitcoin price sets for a rally
Bitcoin price broke above the descending trendline on Sunday, trading 1% up at $61,365 on Monday. The trendline is formed by connecting multiple swing high levels from early June to mid-July.
If the trendline holds as pullback support around the $58,357 level, which coincides with the weekly support level, BTC could rally 9% from that level, targeting its daily resistance level of $63,956.
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