Top 3 Price Prediction Bitcoin, Ethereum, Ripple

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC pumps as FOMC meeting keeps rates unchanged
01/31/2024 23:59:00 GMT| By Lockridge Okoth

• Bitcoin price could rally 10% if it overcomes $43,750 barrier.
• Ethereum price likely to revisit $2,200 as the recovery rally hits the wall.

Ripple price eyes a 7% fall to bottom out near $0.4746 as community digests executive’s hack.Bitcoin price confronts $43,750

Bitcoin (BTC) price has failed to break past the immediate barricade at $43,750 despite the Fed keeping rates unchanged, in line with expectations. Based on the minutes, there may be no rate cuts until such a time when the Fed has greater confidence that inflation is moving toward its 2% target.
Coming into the event, however, Bitcoin price ticked up nearly 3% with technical indicators favoring the upside. The Relative Strength Index (RSI) is above the 50 mean level, while the histogram bars of the Awesome Oscillator (AO) and Moving Average Convergence Divergence (MACD) are flashing green. These show growing momentum in favor of bulls.

• Increased buying pressure could see Bitcoin price flip the $43,750 hurdle into support and then extend above it to $48,000. In a highly bullish case, BTC could make its way to the $50,000 psychological level, 15% above current levels.

Bitcoin (BTC) price fell after the Federal Open Market Committee (FOMC) meeting, and Ethereum (ETH) and Ripple (XRP) prices failed to inspire confidence as the broader altcoin community bled on Wednesday