Top 3 Price Predictions: Bitcoin, Ethereum, and XRP: The cryptocurrency market appears to be on the verge of a resurgence
Bitcoin’s price has been largely stable since January 7, hovering between $40,000 and $43,000.
The price structure of Ethereum, like that of Bitcoin, looks to be forming a higher low pivot.
While Bitcoin and Ethereum shift lower, the XRP price holds a significant support zone, indicating strength.
Bitcoin price remains on top of the neckline of a head-and-shoulders pattern, causing concern among bulls and bears equally. The daily Tenkan-Sen is being tested as a support zone for Ethereum, which might lead to a higher low. While BTC and ETH have seen significant selling pressure throughout the day, XRP has remained pretty stable around $0.75.
Bitcoin is expected to make a higher bottom before commencing a new upward drive
On the daily Ichimoku chart, Bitcoin is in a perilous situation. The value range shared by the daily Tenkan-Sen and the neckline of a head-and-shoulders pattern is $41,000 to $43,000. Bitcoin has been trading in that range for the past twelve trading days.
The Relative Strength Index (RSI) is still in a bear market, with the RSI line now at 35…
