Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Bitcoin’s momentum poise to propel crypto market

Bitcoin (BTC) price consolidates in a symmetrical triangle pattern, showing directional bias. Ripple (XRP) also follows BTC’s footsteps as it continues on its 50-day consolidation streak. Ethereum (ETH) price, on the other hand, shows signs of an incoming correction.

Bitcoin price ready for triangle breakout

Bitcoin price has produced three lower highs and higher lows since May 19. Connecting these swing points using a trend line reveals a symmetrical triangle formation in the 4-hour chart. This technical pattern has no bias, and the target is obtained by adding the triangle’s height to the breakout point.

Assuming BTC triggers a bullish breakout at roughly $67,700, the height of the triangle sets the target near $73,777, its all-time high.

BTC/USDT 4-hour chart

However, if BTC breaks the upward trendline of the triangle and closes below $67,700, the bullish thesis could be invalidated, leading to a crash of 8%, which is the technical target given by the height of the triangle, to $61,734.

Ethereum price looks promising

Ethereum's price broke above a falling wedge pattern in the 4-hour chart on May 20 and rallied 21%. However, the bearish order block from March 12, extending from $3,980 to $4,093, is rejecting ETH price.

Investors looking to buy ETH could do so at the following levels:

1. At the 50% Fibonacci retracement level, drawn from the swing high of $3,984 on May 27 to the swing low of $2,864 on May 13, at $3,424.
2. At the 61.8% Fibonacci retracement level of the same movement at $3,279.

If the conditions mentioned above are to play out, then the Ethereum price could revisit its previous resistance level at $4,000.

ETH/USDT 4-hour chart

On the other hand, if Ethereum's daily candlestick price closes below the $2,864 level, it would produce a lower low and signal a break in the market structure. This move would invalidate the aforementioned bullish thesis, potentially triggering an extra 9% crash to the previous support level of $2,600.

Ripple price to end the consolidation phase

Ripple price is currently consolidating between $0.571 and $0.467 after a major 33% fall in mid-April. This 49-day consolidation has seen XRP volume weakening.

If Ripple price breaks above $0.571 and the 50% Fibonacci retracement level from the swing high of $0.744 on March 11 to the swing low of $0.419 on April 14 at $0.581, it could rally 8% to revisit the 61.8% Fibonacci retracement at $0.621.

XRP/USDT 4-hour chart

However, if the Ripple daily candlestick closes below $0.467, then XRP could crash an additional 10% to its previous support at $0.419.