Cryptocurrency markets begin the week on a cautiously optimistic note, with Bitcoin (BTC) approaching a crucial resistance zone, while Ethereum (ETH) and Ripple (XRP) hold steady after bouncing from key support levels. Investors are closely monitoring the charts for a potential bullish breakout in BTC, which could ignite broader market momentum.
Bitcoin (BTC) Price Prediction: Breakout Looms at $85,000
Bitcoin is currently trading around $84,000, inching closer to the $85,000 resistance, a level that aligns with both the 200-day EMA and a significant trendline.
📈 If BTC breaks and closes above $85,000, it could ignite a rally toward:
- $90,000 (Psychological milestone)
- $95,000 (March 2 high)
🔻 Downside Risk: A rejection at $85,000 could push BTC back down to $73,072, the next major support zone.
💡 RSI Insight: The Relative Strength Index (RSI) is hovering around 50, indicating a neutral sentiment. A breakout above this level would confirm renewed bullish strength.
Ethereum (ETH) Price Prediction: Recovery Depends on $1,700 Break
Ethereum trades near $1,638, recovering from last week’s low of $1,449, but facing stiff resistance at $1,700.
📈 If ETH clears $1,700, potential targets include:
- $1,861 (Next daily resistance)
- $2,000+ (Psychological resistance)
🔻 Bearish Scenario: A drop below $1,449 could lead to a deeper correction towards $1,300.
💡 RSI Watch: RSI at 42 is climbing towards 50, suggesting waning bearish momentum. A cross above 50 could drive stronger bullish action.
Ripple (XRP) Price Forecast: Can Bulls Push to $2.50?
XRP has stabilized at around $2.14, having reclaimed its 200-day EMA ($1.95) and briefly touching $2.23 over the weekend.
📈 Bullish Target: If XRP breaks above $2.23, the next key resistance lies at:
- $2.50 (March 24 high)
🔻 Support Zone: Strong support is found at $1.95, the 200-day EMA.
💡 RSI Momentum: Currently at 50 and trending upward — a move above 50 could provide the fuel needed for a bullish continuation.
🔍 Crypto Market Outlook: What to Watch This Week
- Trump’s 90-day global tariff pause continues to ease market fears.
- All eyes remain on U.S. PPI data and Fed rate expectations.
- Geopolitical and macroeconomic shifts could act as catalysts for volatility.
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