Bitcoin, Ethereum, and Ripple: Will BTC Hit $100k or Fall Back to $78k?

Bitcoin's Recent Performance

Bitcoin price reached a new all-time high of $93,265 on Wednesday but saw a 3.3% decline on Thursday, trading around $88,200 as of Friday. Momentum indicators highlight signs of bull exhaustion, suggesting a potential pullback.

BTC/USDT daily chart

If BTC pulls back, it could drop 10.6% to retest the $78,807 support level. Conversely, if bullish momentum resumes, a rally could push Bitcoin to the $99,887 level, based on Fibonacci extensions.

Ethereum's Critical Support Level

Ethereum faced a 9.2% decline, trading around $3,084 and approaching the critical $3,000 support level. A close below this threshold could trigger a drop to approximately $2,789, the 200-day Exponential Moving Average.

ETH/USDT daily chart

If ETH breaks above the $3,454 resistance, it may rally towards $4,000.

Ripple's Resistance Challenge

Ripple (XRP) surged 12% on Thursday, trading at $0.801 as it approaches the $0.854 resistance level. A rejection here could lead to a decline back to $0.714.

XRP/USDT daily chart

With an RSI reading of 86, XRP is also in overbought territory, indicating a risk of pullback. However, a close above $0.854 could see XRP targeting $0.930.