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Bitcoin Price Analysis: BTC Uptrend Sees 2018 High Despite Overbought RSI
BTC / USD drops to 16,759 early Tuesday. Even so, the leading Crypto prints intraday gains of 0.18% as it approaches its highest levels since January 2018, flashing last week. Although the RSI overbought conditions on the weekly chart suggest a corrective pullback of the pair towards Friday’s high near 16,490, any further drops are less likely.
The XRP price explodes over 12%, but some technical indicators create problems
XRP had a notable breakout on Nov 13 from the rising triangle pattern formed on the daily chart. The starting price target is $ 0.30; however, the digital asset may seek a pullback first. Several indicators show that XRP may be on the verge of a short-term correction.
Ethereum’s price points to $ 520 if the bulls manage to break out of this critical resistance level
Ethereum is currently trading at $ 461, limited within an ascending parallel channel on the hourly chart. The digital asset looks poised to test the trend line above $ 485. A breakout above this point can quickly drive Ethereum’s price towards $ 520.
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