Bitcoin bulls losing momentum near $100K
Bitcoin (BTC) recently hit a high of $109,588, but bullish momentum has slowed, causing the price to retreat toward the psychological support of $100,000.
If BTC cannot maintain $100,000, the next significant downside target becomes $90,000, corresponding with earlier consolidation regions.
The Relative Strength Index (RSI) on the daily chart stands at 51, just above neutral but trending downwards—indicating a decrease in bullish momentum. In the meantime, if verified, the MACD indicator is nearing a bearish crossover, potentially indicating additional declines.
BTC Key Levels:
- Immediate support: $100,000
- Major downside target: $90,000
- Resistance to break for upside: $109,500
Ethereum under pressure as it tests the 200-day EMA
Ethereum (ETH) finds holding support at $3,136 challenging, corresponding with its 200-day Exponential Moving Average (EMA). Following a 2.6% decline on Sunday, ETH has reached a crucial area—if it ends below this threshold, the pullback may extend toward the $3,000 psychological mark.
The RSI indicator on the daily chart stands at 42, below the neutral level of 50 and trending downward, suggesting bearish momentum.
Additionally, the MACD flipped bearish on Sunday, reinforcing the possibility of further losses.
ETH Key Levels:
- Immediate support: $3,136 (200-day EMA)
- Major downside target: $3,000
- Resistance to clear for upside: $3,322
If Ethereum holds above the 200-day EMA, it could attempt a rebound toward $3,322, with a potential push to $3,540 if bullish momentum strengthens.
Ripple nears trendline support, risks a correction
XRP price has been staying around the $3.40 resistance, but it has begun to drift downward towards its upward trendline support. The cryptocurrency currently trades near $2.99 and may face additional decline if it finishes below $2.72.
The RSI has dropped from its recent overbought zone (70) to 57, suggesting that bullish momentum is weakening. At the same time, the MACD flipped bearish on Sunday, adding further downside pressure.
XRP Key Levels:
- Immediate support: $2.72
- Next downside target: $1.96
- Upside resistance: $3.40
If XRP holds above the ascending trendline, it could bounce back toward $3.40, but failure to hold could result in a retracement toward $1.96.
Final Thoughts
Bitcoin, Ethereum, and XRP are currently at essential support levels, and their subsequent movements will rely on how they finish in the next sessions. A strong drop beneath critical levels might initiate a wider correction, whereas maintaining support could lead to a recovery towards previous peaks.
For now, traders should watch Bitcoin’s $100K, Ethereum’s $3,136, and XRP’s $2.72 levels—these are make-or-break points that could determine the next major move in the crypto market.
The post Top 3 Crypto Price Predictions: Bitcoin Ethereum XRP’s Potential Correction appeared first in UK on InvestingCube.