Top Predictions for BTC, ETH & XRP Price for the Weekend, Will They Break Through the Decisive Phase?
Bitcoin price continues to hover around the $40,000 price zone for the past a week and hence it appears to have accumulated enough gains to pull a massive leg up. Despite the asset appearing somewhat bearish nowadays, the asset may break out of consolidation during the upcoming weekend. No doubt the price may remain restricted below $44,000, but the bullish momentum may lay down firmly.
The price is heavily consolidating below the crucial resistance at $40,000 and hence a slight increase in the trading volume may uplift the price beyond $44,000. Currently, the BTC price is ranging high within an ascending triangle. And hence the price may continue ranging towards the higher resistance slowly yet steadily to close the weekly trade on a bullish note.
Ethereum price is resembling the BTC price trend to a large extent and consolidates heavily around $3000 levels. The ETH price is showing bullish support as the bulls appear to have entered to stabalize the price trend. The asset after a huge price slash is accumulating strength to undergo a significant uptrend during the weekend.
As mentioned in the above chart, the ETH price is swinging within a squeezing descending channel. The possibility of a price slash is pretty less, rather the asset may flip from the drowning consolidation and jump beyond immediate resistance.
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