Bitcoin broke out from a short-term ascending resistance line and has been increasing since. It reached an all-time high price of $64,854 on April 14.
Technical indicators do not yet show weakness. However, it\s possible that BTC will return to this resistance line and validate it as support.
Afterward, is expected to continue moving upwards. It’s likely that it will reach $68,400, but could potentially keep moving up to the neighborhood of $80,000.
On April 2, ETH managed to move above the previous all-time high resistance of $2,000. After five days, it validated it as support (green arrow) and has been increasing since.
Technical indicators are bullish. Furthermore, the RSI has just crossed above 70, a strong sign of a bullish trend.
ETH is expected to continue increasing towards $2,900-$3,000.
XRP has been increasing since March 25 when it first broke out above a long-term resistance area.
Despite the increase, it’s possible that XRP has reached the top of its short-term wave three (orange). The current high is very close to the 1:1.61 Fib projection of sub-waves 1-3.
After this correction is complete, a move towards a new all-time high is expected.
DOGE had been decreasing since Feb. 7 when it had reached a high of $0.086.
It began to move upwards on April 10, and the rate of increase accelerated on April 13.
The next day, it managed to reach a new all-time high price of $0.144.
The next resistance area is found at $0.16.
For BeInCrypto’s latest bitcoin (BTC) analysis, click here.