Bitcoin and Ether Near Crucial Juncture, XRP Rally Gathers Pace
After forming a base above $46,000, bitcoin price started a fresh increase. There was a strong move above the $48,000 resistance zone and the 21 simple moving average (H1).
The price even spiked above the $49,000 level, but the bears were active near $49,500. It is now correcting lower below $49,000. There was a break below a key rising channel with support near $48,900 on the hourly chart.