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Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Bitcoin finds support around $60,000

Source Fxstreet

Bitcoin price finds support near its 200-day EMA around $60,000; a firm close below would suggest a decline ahead.
Ethereum price closes below its critical support at $2,461, eyeing a decline ahead.
Ripple price closes below its key support levels, hinting at the continuation of the downtrend.

Bitcoin (BTC) is hovering around its key support level; a sustained close below this threshold could signal further declines. On the other hand, Ethereum (ETH) and Ripple (XRP) have closed below their critical support levels, indicating further downsides.

Bitcoin is set to resume a downtrend if it falls below the key support level

Bitcoin price retested and found support around its 200-day Exponential Moving Average (EMA) at $59,904 on Wednesday after being rejected from its psychological level of $66,000 on Sunday. As of Friday, it trades slightly above that level at around $61,000.

Momentum indicators like the Moving Average Convergence Divergence (MACD) signal weakness for Bitcoin, showing a bearish crossover on Tuesday. The MACD line (blue line) crossed below the signal line (yellow line), giving a sell signal. Moreover, it also shows rising red histogram bars below the neutral line zero, suggesting that Bitcoin’s price could experience downward momentum.

Additionally, the Relative Strength Index (RSI) trades at 47, below its neutral level of 50, indicating bearish momentum. Bitcoin price could decline further if the RSI continues to stay below 50 and decline.

If BTC closes below its 200-day (EMA) at $59,904, it could decline nearly 5.7% from its current trading level to retest its September 18 low of $57,493.

BTC/USDT daily chart

However, if BTC rises, closing above the $62,125 level, it could resume the rally to retest its next resistance at $66,000.

Ethereum shows signs of weakness as it closes below $2,400 support level

Ethereum price broke below its 50-day EMA at $2,569, closed below its daily support level of $2,461 on Tuesday, and declined more than 9% until Thursday. As of Friday, it trades slightly above at around $2,300.

Momentum indicator MACD signal weakness, like Bitcoin, showed a bearish crossover on Wednesday. The MACD line crossed below the signal line, giving a sell signal. Moreover, it also shows rising red histogram bars below the neutral line zero, suggesting that Ethereum’s price could experience downward momentum. Additionally, the RSI trades at 40, below its neutral level of 50, indicating strong bearish momentum.

If the $2,461 level acts as resistance, ETH could continue its decline to retest its September 6 low of $2,155.

ETH/USDT daily chart

Conversely, if ETH’s daily candlestick breaks above the $2,461 level and closes above its 50-day EMA at $2,569, the rally could continue to retest its August 24 high of $2,820.

Ripple is set for a downturn as it closes below its key support levels

Ripple price was rejected from the July 31 high of $0.657 and declined more than 18% in the next four days. During this decline, XRP closed below its 200-day EMA at $0.555 and its daily support level at $0.545, closing below its ascending trendline. On Friday, it trades slightly above around $0.532.

If these levels (the 200-day EMA at $0.555, the daily level at $0.544, and the previous broken ascending trendline) hold as resistance, it could extend the decline further and retest its August 5 low of $0.431.

Like Bitcoin and Ethereum, the momentum indicators MACD and RSI signal bearish biases and suggest the continuation of downward moves.

XRP/USDT daily chart

However, if Ripple rises and closes above the 200-day EMA at $0.555, it could extend its rise to retest its July 31 high of $0.657.

Bitcoin, altcoins, stablecoins FAQs

What is Bitcoin?

Bitcoin is the largest cryptocurrency by market capitalization, a virtual currency designed to serve as money. This form of payment cannot be controlled by any one person, group, or entity, which eliminates the need for third-party participation during financial transactions.

What are altcoins?

Altcoins are any cryptocurrency apart from Bitcoin, but some also regard Ethereum as a non-altcoin because it is from these two cryptocurrencies that forking happens. If this is true, then Litecoin is the first altcoin, forked from the Bitcoin protocol and, therefore, an “improved” version of it.

What are stablecoins?

Stablecoins are cryptocurrencies designed to have a stable price, with their value backed by a reserve of the asset it represents. To achieve this, the value of any one stablecoin is pegged to a commodity or financial instrument, such as the US Dollar (USD), with its supply regulated by an algorithm or demand. The main goal of stablecoins is to provide an on/off-ramp for investors willing to trade and invest in cryptocurrencies. Stablecoins also allow investors to store value since cryptocurrencies, in general, are subject to volatility.

What is Bitcoin Dominance?

Bitcoin dominance is the ratio of Bitcoin's market capitalization to the total market capitalization of all cryptocurrencies combined. It provides a clear picture of Bitcoin’s interest among investors. A high BTC dominance typically happens before and during a bull run, in which investors resort to investing in relatively stable and high market capitalization cryptocurrency like Bitcoin. A drop in BTC dominance usually means that investors are moving their capital and/or profits to altcoins in a quest for higher returns, which usually triggers an explosion of altcoin rallies.

Disclaimer: For information purposes only. Past performance is not indicative of future results.

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Bitcoin Slides 5% as Sellers Lean In — Can BTC Reclaim $88,000?Bitcoin has dropped back below $88,000 after rolling over from $90,500, with price still trading under the 100-hour Simple Moving Average. The sell-off found a floor at $85,151, and BTC is now consolidating near that base, but rebounds are facing pressure from a bearish trend line around $89,000. Bulls need to retake $88,000–$89,000 to ease downside risk; failure to do so keeps $85,500–$85,000 and then $83,500 in play, with $80,000 as the deeper “line in the sand.” Bitcoin (BTC) is back in damage-control mode after a sharp pullback wiped out recent gains. The price failed to reclaim the $90,000–$90,500 band, rolled over, and slid through $88,500 before briefly dipping under $87,000. Buyers did show up around $85,000, but the rebound so far looks more like stabilization than a clear trend reversal. Bitcoin dips hard, finds a bid near $85,000（h3） BTC’s latest move lower began when it couldn’t build follow-through above $90,000 and $90,500. Once that upside stalled, sellers took control and pushed price down through $88,500. The slide accelerated enough to spike below $87,000, but the market didn’t free-fall. Bulls defended the $85,000 zone, printing a low at $85,151. Since then, Bitcoin has been consolidating below the 23.6% Fibonacci retracement of the drop from the $93,560 swing high to the $85,151 low — a clue that the bounce is still shallow and that sellers haven’t fully backed off yet. Structurally, BTC is still on the back foot: It’s trading below $88,000, and It remains below the 100-hour Simple Moving Average, keeping short-term trend pressure pointed downward. Resistance is layered, and $89,000 is the problem area（h3） If bulls try to turn this into a recovery, they’ll have to climb through multiple ceilings in quick succession. First, BTC faces resistance around $87,150, followed by a more meaningful barrier near $87,500. From there, the market’s attention snaps back to $88,000 — the level BTC just lost and now needs to reclaim. A close back above $88,000 would improve the tone, but it doesn’t solve the bigger issue: there’s a bearish trend line on the hourly BTC/USD chart (Kraken feed) with resistance near $89,000, which also lines up with the next technical hurdle. If BTC can push through $89,000 and hold, the rebound could extend toward $90,000, with follow-through targets at $91,000 and $91,500. But until price clears that $88,000–$89,000 zone, rallies are at risk of being sold rather than chased. If BTC fails to reclaim resistance, the downside path is clear（h3） The near-term bear case is simple: if Bitcoin can’t climb back above the $87,000 area and keep traction, sellers may attempt another leg lower. Support levels line up like this: Immediate support: $85,500 First major support: $85,000 Next support: $83,500 Then $82,500 in the near term Below that, the major “don’t break this” level is still $80,000. If BTC slips under $80,000, the risk of acceleration to the downside increases significantly — not because it’s magic, but because it’s the kind of psychological and structural level that tends to trigger forced de-risking. Indicators: momentum still leans bearish（h3） The intraday indicators aren’t offering much comfort yet: Hourly MACD is losing pace in the bearish zone. Hourly RSI remains below 50, suggesting sellers still have the upper hand on short timeframes. So while the $85,000 defense held for now, the market hasn’t flipped bullish — it’s just stopped bleeding.

Author Mitrade

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Bitcoin has dropped back below $88,000 after rolling over from $90,500, with price still trading under the 100-hour Simple Moving Average. The sell-off found a floor at $85,151, and BTC is now consolidating near that base, but rebounds are facing pressure from a bearish trend line around $89,000. Bulls need to retake $88,000–$89,000 to ease downside risk; failure to do so keeps $85,500–$85,000 and then $83,500 in play, with $80,000 as the deeper “line in the sand.” Bitcoin (BTC) is back in damage-control mode after a sharp pullback wiped out recent gains. The price failed to reclaim the $90,000–$90,500 band, rolled over, and slid through $88,500 before briefly dipping under $87,000. Buyers did show up around $85,000, but the rebound so far looks more like stabilization than a clear trend reversal. Bitcoin dips hard, finds a bid near $85,000（h3） BTC’s latest move lower began when it couldn’t build follow-through above $90,000 and $90,500. Once that upside stalled, sellers took control and pushed price down through $88,500. The slide accelerated enough to spike below $87,000, but the market didn’t free-fall. Bulls defended the $85,000 zone, printing a low at $85,151. Since then, Bitcoin has been consolidating below the 23.6% Fibonacci retracement of the drop from the $93,560 swing high to the $85,151 low — a clue that the bounce is still shallow and that sellers haven’t fully backed off yet. Structurally, BTC is still on the back foot: It’s trading below $88,000, and It remains below the 100-hour Simple Moving Average, keeping short-term trend pressure pointed downward. Resistance is layered, and $89,000 is the problem area（h3） If bulls try to turn this into a recovery, they’ll have to climb through multiple ceilings in quick succession. First, BTC faces resistance around $87,150, followed by a more meaningful barrier near $87,500. From there, the market’s attention snaps back to $88,000 — the level BTC just lost and now needs to reclaim. A close back above $88,000 would improve the tone, but it doesn’t solve the bigger issue: there’s a bearish trend line on the hourly BTC/USD chart (Kraken feed) with resistance near $89,000, which also lines up with the next technical hurdle. If BTC can push through $89,000 and hold, the rebound could extend toward $90,000, with follow-through targets at $91,000 and $91,500. But until price clears that $88,000–$89,000 zone, rallies are at risk of being sold rather than chased. If BTC fails to reclaim resistance, the downside path is clear（h3） The near-term bear case is simple: if Bitcoin can’t climb back above the $87,000 area and keep traction, sellers may attempt another leg lower. Support levels line up like this: Immediate support: $85,500 First major support: $85,000 Next support: $83,500 Then $82,500 in the near term Below that, the major “don’t break this” level is still $80,000. If BTC slips under $80,000, the risk of acceleration to the downside increases significantly — not because it’s magic, but because it’s the kind of psychological and structural level that tends to trigger forced de-risking. Indicators: momentum still leans bearish（h3） The intraday indicators aren’t offering much comfort yet: Hourly MACD is losing pace in the bearish zone. Hourly RSI remains below 50, suggesting sellers still have the upper hand on short timeframes. So while the $85,000 defense held for now, the market hasn’t flipped bullish — it’s just stopped bleeding.

December Santa Claus Rally: New highs in sight for US and European stocks?Historical data show a rising trend of US and European stocks in December. If the momentum is strong, fund managers may rush in with a buying frenzy.

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Historical data show a rising trend of US and European stocks in December. If the momentum is strong, fund managers may rush in with a buying frenzy.

XRP’s Price Action Flashes a Warning Even as ETF Flows Stay Positive XRP’s structure remains weak despite 18 straight positive closes in spot XRP ETFs, with analysts warning that $1.98 and other nearby resistance zones could cap rebounds unless the YO region is reclaimed, while deeper downside scenarios keep $1.53 on watch as a potential (not guaranteed) accumulation area.

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XRP’s structure remains weak despite 18 straight positive closes in spot XRP ETFs, with analysts warning that $1.98 and other nearby resistance zones could cap rebounds unless the YO region is reclaimed, while deeper downside scenarios keep $1.53 on watch as a potential (not guaranteed) accumulation area.

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Beginners

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Bitcoin finds support around $60,000

Bitcoin is set to resume a downtrend if it falls below the key support level

Ethereum shows signs of weakness as it closes below $2,400 support level

Ripple is set for a downturn as it closes below its key support levels

Bitcoin, altcoins, stablecoins FAQs

What is Bitcoin?

What are altcoins?

What are stablecoins?

What is Bitcoin Dominance?

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