BTC, ETH, XRP Value Evaluation: Fed Charge Scare is Threatening Crypto Momentum…

Bitcoin’s chance of reclaiming $108,365 and rising above it’s doable subsequent, primarily as a result of it has been trending inside an ascending parallel channel.

On Dec. 19, the cryptocurrency examined the channel’s decrease trendline as help, and is now eyeing the 50-4H exponential shifting common (50-4H EMA; the purple wave) at round $102,590.

In doing so, BTC’s worth upside goal for December seems to be across the channel’s higher trendline at round $109,650.

BTC/USD Weekly Value Chart Evaluation — Holding Above $100,000 Might Imply a Rally Towards $150,000

Bitcoin’s rally above $100,000 faces resistance as overbought alerts emerge, with the weekly RSI at 74 suggesting a possible correction.

Nonetheless, Bitcoin is holding above the 1.zero Fibonacci retracement degree close to $101,700, a essential help zone. Staying above this degree might gasoline a push towards $150,000, the two.618 Fib goal.