Bitcoin Price: After the pop, traders turn cautious
Bitcoin isn’t breaking down, but it’s not charging higher either. The top crypto hit a fresh high near $111,980 last week, then slid close to $106,400 before bouncing. Since then, it’s been drifting; there are no big sellers and no eager buyers. As of mid-Wednesday, BTC is hanging just above $108,500.
RSI has come down from overbought and now reads 64. Not alarming, but clearly cooler. The MACD has already crossed bearish on the daily chart, one of the first early warnings that the trend might be losing steam.
If Bitcoin breaks below $106,400, the door opens toward $100K, a level that’s psychological more than technical. On the upside, bulls need a clean push through $111,980 to talk about $120,000 again.
Ethereum Price Analysis: Buyers hesitate under resistance
Ethereum’s rally from last weekend has slowed. After catching a bounce off $2,451, the 200-day EMA. ETH has climbed back toward $2,660, but the move is losing steam just shy of that $2,724 ceiling.
Momentum is cooling. RSI came close to 70 and now sits around 66, while the MACD is rolling over. If ETH gets turned away again at resistance, the path back to $2,451, maybe even $2,247, is in play.
Of course, if buyers show up late and flip $2,724 into support, there’s a shot at reclaiming $3,000, but right now, the conviction isn’t there.
XRP Price Analysis: Flat at the 50-day EMA, something has to give
XRP is still stuck. The price hasn’t gone anywhere meaningful since Saturday, hovering just under $2.30. The 50-day EMA is acting like a magnet, not quite support, not quite resistance. It’s the kind of setup that usually resolves with a break.
RSI is soft at 47, MACD already crossed bearish. If $2.23 gives way, the next stop could be $1.96. That would mark a reset for bulls who were hoping this week’s sideways action was a pause, not a top.
If XRP holds the average and builds from here, $2.72 becomes the next hurdle, but the chart leans cautious right now.
The post Top 3 Price Prediction: Bitcoin Stuck Below $109K as Eth and XRP Flash Warning Signs appeared first in UK on InvestingCube.