The cryptocurrency market continues to show significant changes, with the potential rise of Bitcoin affecting other major coins.
Bitcoin Market Analysis: Levels and Trends
Bitcoin recently showed mixed results: a 10.04% decline over the past month and a 37.39% increase over the past six months. These changes highlight short-term weakness countered by strong mid-term recovery. Current fluctuations range between $74,047 and $98,803. Support stands at $63,732, with resistance around $113,244 and $137,999.
XRP: Short-Term Dips and Long-Term Growth
XRP registered a 3.67% rise over the past week, a 5.79% decline for the month, and a 316.30% surge over the last six months. Price volatility is present with the current range between $1.60 and $2.88. Support and resistance are at $1.06 and $3.61 respectively. The RSI near 51 suggests a neutral market.
Ethereum Forecast: Weight of Declines and Key Zones
Ethereum saw a 25.76% drop over the past month and a 20.41% fall over six months, with a 6.52% weekly increase. It fluctuates between $1766.31 and $3020.97, offering unique trading opportunities. Support is at $1294.44, resistance at $3803.76. Indicators suggest bear control.
If Bitcoin reaches $98,000 in the second quarter, it could trigger significant price movements in XRP and Ethereum, boosting investor interest and market activity.
