Bitcoin Price Retests Daily FVG
- Bitcoin (BTC) has retested the daily Fair Value Gap (FVG) extending from $23,951 to $22,184, signaling a potential accumulation zone.
- Ethereum (ETH) may decline by 10% to $1,703**, with a further drop to **$1,564 if bearish momentum persists.
- Ripple (XRP) seeks accumulation opportunities before surging toward $0.633.
BTC shows exhaustion below key psychological levels, with bearish divergence on the Relative Strength Index (RSI) and Awesome Oscillator (AO) suggesting a corrective phase.
Key BTC Levels:
- Support: $24,377 (midpoint of recent rally), $23,951–$22,184 (FVG).
- Resistance: $30,000 (flipping this to support could invalidate bearish outlook).
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Ethereum Price Faces Potential Correction
ETH mirrors BTC’s consolidation but broke higher on April 4 to $1,944**, forming a bearish divergence. A retracement to **$1,817 or $1,703** is likely, with deeper support at **$1,564–$1,478 (FVG).
ETH Scenarios:
- Bearish: Drop to FVG zone for accumulation.
- Bullish: Break above $2,000** could trigger a rally to **$2,200.
Ripple Price Eyes Accumulation Before Rally
XRP retreated 14% after failing to sustain a breakout above $0.537. Key accumulation levels:
- $0.445** and **$0.436 (range midpoint).
- Target: $0.633 upon rebound.
Invalidation: If $0.436** becomes resistance, XRP may retest **$0.336.
FAQ Section
Q: Is Bitcoin’s FVG a reliable accumulation zone?
A: Yes, the $23,951–$22,184 FVG historically attracts buyers due to undervaluation.
Q: What triggers Ethereum’s bearish divergence?
A: Lower highs on RSI/AO despite price highs indicate weakening momentum.
Q: When might Ripple rebound?
A: After stabilizing at $0.436–$0.445, XRP could resume its uptrend.
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Final Notes:
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