Bitcoin’s price hovers around $76,200 on Wednesday after falling 3.59% the previous day.
Ethereum price continues to show weakness, reaching levels below $1,400.
XRP breaks below its support level of $1.96, hinting at a correction ahead.
Bitcoin (BTC) price hovers around $76,200 on Wednesday after falling 3.59% the previous day. Ethereum (ETH) and Ripple (XRP) followed BTC’s footsteps and continued their downward trend. The technical outlook suggests a correction, targeting $73,000 BTC, $1,300 ETH, and $1.30 XRP.
Bitcoin bears gain momentum, targeting the $73,000 mark
Bitcoin price was rejected from its resistance of $85,000 on April 2 and declined 10.55% until Tuesday. It reached a yearly low of $74,508 on Monday. At the time of writing on Wednesday, it hovers around $76,000.
If BTC continues its downward trend, it could extend the decline to test its next daily support level at $73,072.
The daily chart’s Relative Strength Index (RSI)…
