Bitcoin price is trading inside a descending wedge, and a breakout above $64,600 signals a bullish move. Ethereum price is approaching its key support at $3,288, the 61.8% Fibonacci retracement level. Ripple price faces resistance at $0.500, its daily resistance level. Bitcoin price is consolidating within a descending trendline, with a potential bullish breakout anticipated above $64,600.
8% Fibonacci retracement level drawn from a swing low of $2,862 on May 14 to a swing high point of $3,977 on May 27. If this support holds, ETH price could rally 13% to tag its previous high of $3,717 on June 9. The Relative Strength Index and the Awesome Oscillator in the daily chart are both below their mean level of 50 and zero. If bulls are indeed making a comeback, then both momentum indicators must maintain their positions above their respective mean levels.
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