Mapping Out the Future Paths for Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) Coins

• Crypto analyst Lockridge Okoth highlights the importance of Bitcoin’s price surpassing $59,200. If achieved, it would indicate that BTC has already hit its bottom.
• Despite the declining momentum for Ethereum, the analyst maintains the reversal pattern of the uptrend.
• The analyst finally notes that XRP Coin bulls are starting to show strength.

Bitcoin, Ethereum, and XRP Coin are all experiencing significant shifts in their market positions. This article provides an in-depth analysis of their current trajectories.

Bitcoin’s Path and Key Levels

On Wednesday, the decline in Bitcoin’s price saw it nearing the Bull Market Support Band at $55,831. However, dovish news from the FOMC reversed its fortune as BTC’s price gradually rose. If bulls manage to pull BTC above the $59,200 level, it is likely to solidify a recovery, indicating that BTC has bottomed out at $56,552. Meanwhile, Bitcoin’s price remains stranded in the forest amidst declining momentum and increasing bearish sentiment, as indicated by the Relative Strength Index (RSI) and Awesome Oscillator (AO) momentum indicators.