Bitcoin may attempt to break $70,000, XRP shows bullish momentum, Ethereum bullish dynamic fading.

From Investing.com

September 23, 2024 12:00:17 am:

Bitcoin continues to trade within a descending price channel, with a potential attempt to break $70,000 looming. Chart analysis suggests a breakout needs strong catalysts or buying momentum. Key support levels at $60,000, 100-day moving average, $58,000 could reverse a downturn. $75,000 remains a challenging resistance level once $70,000 is breached.

XRP broke out of a symmetrical triangle pattern, hinting at possible bullish momentum ahead. Confirmation of sustained uptrend relies on maintaining above $0.58 level. Failure could see a retreat to $0.55 range. Invalidation remains a threat if prices move back below key support levels. Upside potential targets $0.65-$0.70 range.

Ethereum sees a return to its descending price channel after displaying bullish momentum. Waning upward dynamics might lead to a reversal towards $2,400 or $2,300 support levels. Resistance levels at $2,600 and $2,700 may halt the price’s advance. Ethereum could test $2800 region if buying interest increases and resistance is broken.

Read more at Investing.com: Will Bitcoin (BTC) $70,000 Attempt Fail? Massive XPR Triangle Breakthrough is Here, Ethereum (ETH) Bullish Dynamic is Fading By U.Today