|

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Bitcoin ultimate liftoff to $50,000 in the offing

  • Bitcoin has secured support above $43,000 but must rise above $46,500 to flip bullish enough for gains eyeing $50,000.
  • Ethereum unrelenting in the battle for new highs at $2,000, needs to close the day above $1,800.
  • Ripple shows stability after a consistent recovery from the recent dip to $0.3.

Bitcoin's rally seems to have lost steam or cooled off before it might resume again. The rest of the market has slowed down apart from selected altcoins, including Cardano, Avalanche, IOTA and the Graph.

On the other hand, Ethereum has settled above $1,700, but bulls are fixated on lifting towards $2,000. Ripple is also stable after stepping beyond the crucial level at $0.5. The bull run in the market is expected to continue as soon as Bitcoin secures the trajectory to $50,000.

Bitcoin rebounds toward all-time highs

The pioneer cryptocurrency finally secured support above $43,000. A recovery is underway, with Bitcoin required to break the short-term hurdle at $46,500 to flip exceptionally bullish for gains above $50,000.

A golden cross pattern recently formed on the 4-hour chart after the 100 Simple Moving Average crossed above the 200 SMA. This scenario adds credibility to the bullish outlook whereby massive buy orders may be triggered as soon as BTC hits levels between $46,500 and $48,000.

BTC/USD 4-hour chart

BTC/USD 4-hour chart

Despite the bullish narrative, it is essential to realize that the Moving Average Convergence Divergence has printed a bearish picture. The MACD is a momentum oscillator used to identify possible sell the top and buy the bottom positions. Therefore, a correction is likely to continue if the MACD line (blue) increase the deviation from the signal line.

Ethereum eyes new all-time highs at $2,000

The flagship altcoin is currently nurturing an uptrend after it bounced off support at $1,675. The 50 SMA and the ascending channel lower boundary played a role in controlling the correction from the recently achieved highs of $1,838.

ETH is dancing at $1,765 amid the push for gains beyond $1,800. However, the channels' middle boundary resistance must come down for the expected upswing to materialize. It is worth noting that an extensive bullish leg will emanate after Ether extends above the upper edge and the seller congestion at $1,838.

The MACD could confirm the uptrend if it crosses above the signal line. This could be an excellent position to buy in anticipation of a breakout toward $2,000.

ETH/USD 4-hour chart

ETH/USD 4-hour chart

If Ethereum closes the day under $1,800, it is unlikely that the swing to $2,000 will occur as expected. Besides, overhead pressure would soar if the smart contract token slices through the enthusiastic support provided by the 50 SMA and ascending channel's lower edge.

Ripple portrays stability amid recovery

XRP has sustained its recovery for almost two weeks. The price action is specular, especially for an asset that has been engulfed by uncertainty due to the ongoing lawsuits. The resilient recovery after a massive dump to $0.35 continues to urge buyers to join the market while investor sentiment flips bullish.

Meanwhile, the cross-border token is trading at $0.51 and settling in the ascending channel upper band. Closing the day above the middle boundary will confirm the stability. Simultaneously, a break above the upper edge will boost Ripple to highs above $0.6.

XRP/USD 4-hour chart

XRP/USD 4-hour chart

It is worth keeping in mind that slicing through the buyer congestion at $0.5 and the middle boundary would call for more sell orders. XRP is not out the wounds as any bearish signs could trigger a holders' exodus just like the pump-and-dump early last week. Support levels to focus on are the 50 SMA currently at $0.44, the 100 SMA at $0.4 and the 200 SMA holding at $0.34.

Author

John Isige

John Isige

FXStreet

John Isige is a seasoned cryptocurrency journalist and markets analyst committed to delivering high-quality, actionable insights tailored to traders, investors, and crypto enthusiasts. He enjoys deep dives into emerging Web3 tren

More from John Isige
Share:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

Ethereum Price Forecast: EF outlines ways to solve growing state issues

Ethereum price today: $2,920. The EF noted that Ethereum's growing state could lead to centralization and weaken censorship resistance. The Stateless Consensus team outlined state expiry, state archive and partial statelessness as potential solutions to the growing state load.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH and XRP correction slide as BoJ rate decision weighs on sentiment

Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are extending their correction phases after losing nearly 3%, 8%, and 10%, respectively, through Friday.

Top Crypto Losers: Pump.fun, Pudgy Penguins, and Hyperliquid extend bearish streak

Pump.fun, Pudgy Penguins, and Hyperliquid lose ground in an extended bearish streak, recording double-digit losses this week. The surprise drop in the November US CPI to 2.7%, beating expectations of 3.1%, fueled a rally in the stock market.

Bitcoin, Ethereum, XRP face sharp volatility as US posts lowest inflation rate in years

Bitcoin, Ethereum and XRP saw increased volatility following the US CPI report for November. The US headline inflation dropped to 2.7% while core CPI fell to 2.6%, its lowest level since March 2021.

Orange Juice Newsletter – Smart insights by real people. Every day.

A free newsletter highlighting key market trends to help traders stay a step ahead. Daily insights on the most relevant trading topics, compiled by our experts in an easy-to-read format so you never miss an important move.

Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.