With a bullish surge in trend momentum, the crypto market is on the verge of starting to hit new all-time highs and 52-week highs. Amid the recovery rallies, Bitcoin, Ethereum, and XRP prices signal a major dynamic shift.
With these major reversals, Bitcoin, ETH, and XRP signal a major bull run ahead. So, let’s take a closer look at their price chart and find the next potential targets.
Bitcoin Breakout Eyes Above $70K
With a bullish breakout of local resistance, BTC price challenges the 50% Fibonacci level at $63,847. As the bullish momentum rises, Bitcoin prepares for a bullish week ahead.
The recovery run exceeds the 200D and 50D EMA and limits the possibility of death cross. Considering the uptrend sustains, the crucial dynamic average lines will regain positive alignment.
The bull cycle in Bitcoin is ready to challenge the overhead trendline. This increases the possibility of a bullish breakout of a long-coming flag pattern.
A breakout rally of the flag pattern will put the $70K target level on the cards. Optimistically, by the end of next week, Bitcoin price can hit a new all-time high above $73K.
ETH Price Targets $3,000
Ethereum’s falling wedge breakout run surpasses the overhead dynamic resistance, 50D EMA. Along with the average line, the biggest Altcoin surpasses the 23.60% Fibonacci level at $2,575.
The double-bottom reversal run for Ethereum creates a streak of consecutive bullish candles this week. As the ETH price reclaims the $2500 psychological mark, the bull run amid Bitcoin sustaining above $60K projects a potential target of $3,000.
Based on the Fibonacci levels, the uptrend in the ETH price can scale to the 38.20% level at $2,860. Meanwhile, the potential $3,000 target aligns with the 50% level.
XRP Targets ₹0.91
The XRP price trend shows a bullish breakout of a long-coming resistance trendline ready. As the altcoin hits the $0.60 mark momentarily, the trendline breach teases a new 52-week high above $0.72.
With a bullish trend in the 50D and 200D EMA, the XRP price shows a massive surge ahead if Bitcoin surpasses $65K. Based on the Fibonacci levels, the uptrend in the XRP price targets $0.72 and $0.91.
Curious if the XRP price will hit $1 in 2024? Find out now in Coinpedia’s XRP price prediction for the next potential targets in 2024 and years beyond.
