Mega Bull Targets 🎯 – BTC $125K, ETH $5K, XRP $3.5 Loading?
Stuart Crown
Updated at: 2 hours ago
{"content":"Mega Bull Targets 🎯 – BTC $125K, ETH $5K, XRP $3.5 Loading? 🚀💎
After breaking the 50-day EMA, bitcoin trades over $115,000.
Ethereum price approaches $4,488 -- a decisive close signals a climb to new highs.
Breaking over the collapsing wedge suggests a bullish trend for ripple.
Bitcoin (BTC) is over $115,000 on Friday after recovering roughly 4% and breaking major barrier this week. Ethereum (ETH) and Ripple (XRP) rebounded nearly 5% and 6%, respectively, after BTC. All signals point to greater rises as ETH approaches its critical barrier level and XRP breaks over a bullish trend.
Bitcoin bulls targeting $120,000
Bitcoin price started the week with moderate advances, but it was rejected at the 50-day EMA around $113,129 before recovering momentum midweek. On Wednesday, it rose over 2% to close above this important level and continued its climb the next day. As of Friday, it is reaching $116,000, its daily resistance.
BTC may reach its psychological milestone of $120,000 if it closes over $116,000 daily barrier.
If BTC corrects from daily resistance above $116,000, it might fall to its 50-day EMA at $113,129.
Ethereum nearing record high
Ethereum has ranged between $4,232 and $4,488 for 13 days since August 29. As of Friday, it is reaching its upper consolidation barrier at $4,488.
ETH might rise to its record high of $4,956 if it breaks and closes above $4,488 daily.
If ETH fails to close over $4,488 barrier, it might fall below $4,232.
Above the collapsing wedge, ripple breaks.
On Thursday, ripple price broke above the falling wedge pattern (made by connecting many highs and lows with two trendlines since mid-July), favoring bulls. On Friday, it was approximately $3.04.
If XRP keeps rising, it might reach $3.40, its daily resistance.
XRP might fall to its 50-day EMA at $2.92 if it corrects.
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