The cryptocurrency market is struggling to maintain upward momentum, with Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) facing strong resistance levels. Bitcoin has been consolidating between $94,000 and $100,000 since early February, while Ethereum and XRP show bearish signals in momentum indicators, raising concerns of a potential downturn.
With key support and resistance levels in focus, traders are watching for confirmation of either a breakout or deeper correction across the crypto market.
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π Key BTC Levels to Watch
β
Resistance: $100,000 (Upper boundary of consolidation)
β
Support: $94,000 (Crucial level for maintaining current range)
β
Bearish Target: $90,000 (Psychological support if breakdown occurs)
Bitcoin (BTC) continues to trade in a tight range between $94,000 and $100,000, failing to establish a clear trend. As of Monday, BTC is hovering around $95,600, slightly down from last week.
πΈ Bearish Outlook:
πΉ Bullish Outlook:
π Key ETH Levels to Watch
β
Resistance: $3,000 (Psychological barrier)
β
Support: $2,359 (Next major daily support)
β
Bearish Target: Below $2,300 (If selling pressure intensifies)
Ethereum (ETH) saw a 6% recovery last week, but weakness emerged on Monday, with ETH trading around $2,754 at press time.
πΈ Bearish Outlook:
πΉ Bullish Outlook:
π Key XRP Levels to Watch
β
Resistance: $2.72 (Critical level)
β
Support: $1.96 (Next downside target)
β
Bearish Target: $1.75 (Extended correction level)
Ripple (XRP) fell 5.57% last week, failing to break past resistance at $2.72. At press time, XRP is trading at $2.49, continuing its downward trend.
πΈ Bearish Outlook:
πΉ Bullish Outlook:
π‘ Market Outlook:
β
If Bitcoin closes below $94,000, a decline toward $90,000 is likely.
β
Ethereum needs to hold above $2,359 to avoid further downside.
β
XRP remains weak unless it reclaims $2.72 as support.
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