RATE Group | Bitcoin, Ethereum and Ripple have a bullish start to Saturday, following Friday’s drop
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Bitcoin, Ethereum and Ripple have a bullish start to Saturday, following Friday’s drop

09 May Bitcoin, Ethereum and Ripple have a bullish start to Saturday, following Friday’s drop

Posted at 03:48h in Cryptocurrency News by

  • BTC/USD bulls look to re-enter the $10,000 level following Friday’s withdrawal.
  • ETH/USD is on the verge of charting the highly bullish golden cross pattern.
  • XRP/USD buyers must gather enough momentum to break above the SMA 200 curve.

BTC/USD daily chart

The price of BTC/USD has gone up from $9,806.63 to $9,848.50. There is a dip in the RSI, but it is still trending within the overbought zone at 79.63. While this ideally means an upcoming short term bearish correction, we believe that the bulls will continue to consolidate till Tuesday’s halving. 

The MACD indicates increasing bullish momentum. Ideally, the bulls will want to conquer resistance levels at 10,036 and $10,359.55. On the downside, healthy support lies at $9,500 and $8,780, which must be defended on the face of a sudden bearish onslaught.

ETH/USD daily chart

ETH/USD daily chart

ETH/USD is consolidating below the $218 resistance level as it went up from $211.50 to $213.20 in the early hours of Saturday. The…

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