Top 3 Price Predictions: Bitcoin, Ethereum, Ripple – Bitcoin Faces Key Resistance Test

Bitcoin Price Faces Resistance at a Critical Level

On Friday, Bitcoin’s (BTC) daily candle closed at $66,043 and is currently moving upwards towards its weekly resistance level of $67,147.

If BTC fails to surpass the $67,147 mark, a short- to medium-term downward correction will occur in the coming days. This correction will target the mid-level of the price imbalance between $63,118 and $64,602, around $63,813.

This intermediate level also roughly corresponds to the 50% retracement level at $64,258, calculated from the intermediate low of $56,523 on May 1st to the high of $71,994 on May 21st.

If BTC rebounds from the $63,813 mark, the price will rise by 6% to reach its previous resistance at $67,147.

If the bulls are aggressive and the overall outlook for the crypto market is positive, BTC will rally another 6% to its former resistance level of $71,280.

However, if Bitcoin’s price breaks below and closes under its daily support at $60,800, the bullish thesis will be invalidated, leading to a 4% decline to the weekly support of $58,375.

Ethereum Price: Heading Upward!

The price of Ethereum (ETH) has risen from a low of $3,362 on Friday to a current level of $3,614, marking a 7% increase.

The $3,362 level is approximately at the 61.8% Fibonacci retracement level and the midpoint of the price imbalance between $3,146 and $3,498.

If this support holds, the ETH price could rise 10% from its current level of $3,614, reaching its previous resistance at $3,977.

Conversely, if Ethereum’s daily candle closes below the $3,279 mark, it will create a lower low and break market structure. This move would invalidate the bullish thesis mentioned above and trigger a further 13% drop to the previous support level of $2,864.

Ripple Price is Poised for a Correction

The price of Ripple (XRP) is at its daily resistance level of $0.499. If this level holds, XRP will undergo a short- to medium-term downward correction of 7% from its current trading price of $0.488 to its recent low of $0.450.

If the bears are aggressive and the overall outlook for the crypto market is negative, XRP will continue to fall, reaching its previous low of $0.419 from April 13th.