On Wednesday, Bitcoin, Ethereum, and Ripple all experienced a preliminary rebound. Bitcoin tested a key support level around $65,729, Ethereum rebounded from support near $1,800 to $1,916, and Ripple revisited a previously broken trendline. Although momentum indicators like RSI show that the selling pressure on these three cryptocurrencies is easing, traders remain cautious because if these levels are not maintained, Bitcoin could fall to $60,000, Ethereum to $1,747, and Ripple to $1.30.
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On Wednesday, Bitcoin, Ethereum, and Ripple all experienced a preliminary rebound. Bitcoin tested a key support level around $65,729, Ethereum rebounded from support near $1,800 to $1,916, and Ripple revisited a previously broken trendline. Although momentum indicators like RSI show that the selling pressure on these three cryptocurrencies is easing, traders remain cautious because if these levels are not maintained, Bitcoin could fall to $60,000, Ethereum to $1,747, and Ripple to $1.30.