Bitcoin (BTC) price continues to consolidate in a range that offers a buying opportunity, while other major cryptocurrencies, such as Ethereum (ETH) and Ripple (XRP), look set for a potential price correction.
Bitcoin price is unable to overcome the $69,712 to $71,907 area of resistance. Ethereum price will likely pullback into the major support level of $3,360. Ripple price could end the consolidation between $0.463 and $0.572 range. Bitcoin price continues to consolidate in a range that offers a buying opportunity, while other major cryptocurrencies, such as Ethereum and Ripple , look set for a potential price correction.
BTC/USDT 1-day chart On the other hand, if Bitcoin's price closes below $58,271, it would invalidate this bullish thesis by producing a lower low in the higher timeframe, leading BTC to crash an extra 10% and hitting the previous support level of $52,400. Ethereum price wants to move higher Ethereum price broke above the falling wedge pattern and the 50 EMA level at $3,144 on May 20 and rallied 21%.
Ethereum Ripple Cryptocurrencies Technical Analysis
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