Bitcoin price prediction makes a big comeback! BTC, ETH, XRP temporarily halt liquidation tide, who will be the first to reach new highs?

Bitcoin price forecast rebounds from the desperate low of 102,000 USD to 115,500 USD, Ethereum breaks through the key defense line of 4,100 USD, and XRP price forecast stabilizes at 2.57 USD after a big dump from 1.25 USD. After the Trump tariff panic, the technical indicators for the three major coins show weakening bearish momentum, RSI rebounds but MACD still warns of risk.

Bitcoin Price Prediction: A Rebound from $102,000

(Source: Trading View)

The price of Bitcoin encountered a severe correction after reaching a historic high of $126,199 on October 6. Due to the impact of Trump’s announcement of a 100% tariff on China, the price of Bitcoin plummeted to a daily low of $102,000 on October 10, down over 11% from last week's high, with nearly $20 billion in liquidation sweeping the market. However, signs of a rebound began to appear starting Sunday, with the price of Bitcoin closing above $114,900. As of October 13, when this article was written, the price of Bitcoin hovered around $115,500, indicating that market sentiment is gradually recovering.

From a technical indicator perspective, the Relative Strength Index (RSI) on the daily chart is at 48, approaching the neutral level of 50. This value indicates that bearish momentum is weakening, and the selling pressure is no longer as overwhelming as it was on October 10. When the RSI rises from the oversold region (below 30) back to the neutral zone, it usually means that the most panicked selling phase has passed, and the market begins to rebalance. This is a positive signal for Bitcoin price predictions, suggesting that the likelihood of further significant declines is reduced.

However, the Moving Average Convergence Divergence (MACD) indicator still shows a bearish crossover on the daily chart, with the fast line crossing below the slow line, which is usually seen as a medium-term bearish signal. The lagging nature of the MACD means it reflects trend changes that occurred earlier and may not have fully captured the rebound momentum since the weekend. Investors need to watch whether the MACD will form a bullish crossover in the coming days, which would further confirm the validity of the reversal.

If Bitcoin's price continues its recovery momentum, the next important target will be the key psychological level of $120,000. Breaking through this integer level will serve as a strong bullish confirmation, potentially reigniting market confidence in challenging historical highs. There is about a 4% upside potential from $115,500 to $120,000, which is not far off, but requires a continued improvement in market risk appetite and no new negative catalysts to emerge. If it can break through $120,000 and hold, the next target for Bitcoin price prediction will be to retest the historical high of $126,199.

However, downside risks still exist. If Bitcoin's price faces new corrective pressure, it may fall back to the daily support level of $107,245. This level briefly provided support during last week's decline; if Bitcoin's price breaks below this position and cannot quickly recover, it may signify that the rebound is merely a bounce in a bear market, rather than a true trend reversal. Deeper support may be found at $105,000 or even the round number of $100,000. For short-term traders, closely monitoring the effectiveness of the $107,245 support is crucial.

Ethereum and XRP Price Prediction: Technicals Improving Simultaneously

(Source: Trading View)

The price of Ethereum failed to find support near the daily high of $4,488 on October 7, falling as much as 17.66% by October 11. This level of decline is relatively large among mainstream coins, reflecting Ethereum's vulnerability during market panic. However, on Sunday, the price of Ethereum began to stabilize and rebound, closing above $4,150. As of October 13, when this article was written, the price of Ethereum hovered around $4,160, indicating that buying interest is gradually returning.

If Ethereum's price continues to recover and closes above the daily resistance level of $4,232, it may extend its upward momentum until the next daily resistance level of $4,488. A breakout above $4,232 would be an important technical signal, as it confirms that Ethereum has reclaimed most of the ground lost during last week's decline. There is approximately an 8% upside potential from the current $4,160 to $4,488, making it an attractive target for short-term traders. Similar to Bitcoin, the RSI on Ethereum's daily chart also shows that bearish momentum is weakening, while the MACD still supports the bearish view, reflecting the market's indecision.

However, if the Ethereum price faces retracement pressure, the decline may extend to the 61.8% Fibonacci retracement level of $3,593. This level is an important technical support, where rebounds have historically occurred multiple times nearby. If this support is broken, Ethereum may enter a deeper adjustment, with the next targets possibly being the psychological barriers of $3,300 or even $3,000.

(Source: Trading View)

XRP price prediction also shows characteristics of a technical rebound. On October 5, XRP price encountered pressure from the descending wedge pattern's upward trend line, falling over 20% by October 10, reaching a low of $1.25. This is an extremely severe drop, far exceeding the declines of Bitcoin and Ethereum, reflecting the additional pressure faced by XRP, including ongoing whale sell-offs and ETF review delays. However, starting on October 11, the XRP price slightly rebounded by 6.78%, and this rebound trend continued until Sunday. As of October 13, when this article was written, the XRP price hovered around $2.57, indicating that the selling pressure has eased.

If the price of XRP continues to rebound, it may extend its upward momentum until the daily resistance level of $2.72. This level is an important support-turned-resistance point for XRP before the big dump last week, and reclaiming this position would be a significant sign of improvement in the technical picture. Similar to BTC and ETH, the RSI on the XRP daily chart also shows that the bearish momentum is weakening, while the MACD still supports the bearish view. This common technical characteristic suggests that the three major coins may be in a transition period from a downtrend to consolidation or rebound.

However, the downside risks facing XRP price predictions may be greater. If XRP faces new correction pressure, it could continue to fall towards the daily support level of $2.35. Considering that whale sell-offs of $50 million daily are still ongoing and the ETF review delays cannot be resolved in the short term, XRP's rebound may be more fragile than BTC and ETH. XRP price predictions need to closely monitor Bitcoin's trends, as the independent rebound of altcoins usually requires BTC to stabilize and restart its upward movement first.

Analysis of the Sustainability of the Rebound of the Three Major Coins

The price predictions for Bitcoin and XRP depend on several factors to determine whether they can continue to rise from current levels. The first is the subsequent developments of Trump's tariff policies. If the U.S. and China reach some form of easing or compromise in the coming weeks, market panic could quickly dissipate, driving cryptocurrency prices to rebound significantly. Conversely, if the situation continues to worsen, the current rebound may only be a temporary technical correction, with deeper falls potentially waiting ahead.

Secondly, it's the market liquidity and trading volume. The rebound over the weekend occurred with relatively low trading volume, which may indicate that only a portion of buying interest has returned, rather than a complete shift in market sentiment. The trading volume and price trends after the Asian and European markets fully open on October 13 will provide clearer directional signals. If the rebound is accompanied by increased trading volume, the credibility of the bullish scenario for Bitcoin price predictions will significantly increase.

The third is the confirmation from a technical perspective. Although the RSI shows that bearish momentum is weakening, the MACD remains bearish, and this divergence in indicators will take time to resolve. Generally, the RSI responds faster as a momentum indicator, while the MACD acts as a trend indicator and is more lagging. If the MACD forms a bullish crossover (the fast line crosses above the slow line) in the coming days, it will greatly enhance the credibility of the rebound. Until then, cautious traders may consider the current rebound as a potential escape rebound rather than a full reversal.