Bitcoin (BTC) price is approaching a crucial resistance level at $105,000 on Friday; a breakout would determine whether bulls regain full control. Ethereum (ETH) and Ripple (XRP) prices hold key support zones that may dictate the next directional move. As BTC nears a potential breakout point, ETH and XRP must defend their support levels to sustain the broader bullish momentum.
Bitcoin could rally toward its all-time highs if it closes above $105,000
Bitcoin has failed to close above the $105,000 resistance level and has faced multiple rejections since Sunday. BTC has been consolidating below this resistance level for the past four days. At the time of writing on Friday, it is nearing the key resistance level at $105,000.
If BTC breaks and closes above $105,000 on a daily basis, it could extend the rally toward the all-time high of $109,588 set on January 20.
Bitcoin could rally toward its all-time highs if it closes above $105,000
Bitcoin has failed to close above the $105,000 resistance level and has faced multiple rejections since Sunday. BTC has been consolidating below this resistance level for the past four days. At the time of writing on Friday, it is nearing the key resistance level at $105,000.
If BTC breaks and closes above $105,000 on a daily basis, it could extend the rally toward the all-time high of $109,588 set on January 20.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.