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Bitcoin and Ether Approach Crucial Crossroads, XRP Rally Picks Up Pace
Bitcoin price increased after breaking the $48,000 barrier level, ether price may begin a new rise if it clears $4,060, and XRP’s advance may continue over $1.00.
Bitcoin
Bitcoin’s price began to rise again after building a base over $46,000. The price rose sharply over the $48,000 barrier level and the 21 simple moving average (H1).
The price even rose beyond $49,000, although bears were aggressive above $49,500. It is presently correcting downward and is trading below $49,000. On the hourly chart, there was a breach below a significant ascending channel with support at $48,900.
However, there is significant support near $48,000. If the price of bitcoin rises above $48,000, it may break beyond the $50,000 barrier.
Ethereum (ETH)
Ethereum has broken over the $4,000 barrier level and entered the bullish zone. The bears, on the other hand, are defending the $4,060 resistance level. It is currently falling and trading below $4,020.
On the hourly chart, there was a break below a connecting bullish trend line at $4,020, as well as the 21 simple moving average (H1). On the downside, a critical support level is emerging at $3,900.
