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 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:
🔻 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 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:
🔻 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.
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:
🔻 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.
Stay updated with DailyForex.pk for the most accurate, SEO-optimized cryptocurrency news and price forecasts in Pakistan.
Check the latest gold price in Pakistan for 14 November 2025, including per tola, 10…
Check the latest USD to PKR exchange rate for 13 November 2025. Stay updated with…
Check the latest gold price in Pakistan for 13 November 2025, including per tola, 10…
Check USD to PKR exchange rate for 12 November 2025. Stay updated with interbank and…
Check the latest gold prices in Pakistan for 12 November 2025, including per tola, 10…
Check the latest USD to PKR exchange rate for 11 November 2025. Stay updated with…
View Comments