BTC Reclaims $84K, ETH Heads Toward Recent Highs as Top Three Cryptos Extend Recovery

After recent pullbacks, top three cryptocurrencies Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) have extended their recovery, according to market analysis. On Friday, BTC traded above $84,600, regaining its position after a small correction earlier in the week.

Ethereum has also recovered, re reclaiming the $2,688 level and moving towards recent highs as buyers try to sustain the rebound. XRP has extended its gains, trading around $1.539 on Friday, up 2.25% from the previous day.

Bitcoin's price action is crucial in sustaining the rebound and challenging key resistance levels, with immediate resistance seen at the horizontal barrier near $85,000. On the downside, the first relevant support for BTC is around the 50-day EMA at $76,474.