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Bitcoin, Ethereum, and Ripple are the top three price predictions. Cryptos are marching to new highs while maintaining their upswing.
With a rejection, bitcoin prices confirm the Fibonacci retracement, and bulls are still on pace towards $100.000.
While the rally’s support weakens in the wake of $5,000, the price of Ethereum remains strong.
Bulls are putting their toes in the water at $1.37 before assaulting $1.42 on the XRP price.
Bitcoin price spiked higher yesterday, hitting fresh all-time highs of $69,123.70, but was then dragged down by profit-taking in the US session as global markets were shaken by higher-than-expected inflation figures. Both Ethereum and Ripple price movement followed a similar trend. After today’s US session, investors will get a chance to analyze the situation and look beyond the inflation print to see if markets will start in risk-off mode tomorrow or if they will shrug off inflation concerns and return their attention to the multiple bull runs that are currently underway.
