The cryptocurrency market faced heavy pressure over the past week, with major coins like Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) posting significant losses. The broader market correction, combined with macroeconomic uncertainty and ongoing trade tensions, continues to weigh heavily on investor sentiment.
🔻 Bitcoin (BTC) Price Prediction: Bears Eyeing $76,600 Yearly Low
Bitcoin is struggling to hold ground after falling nearly 5% last week. Currently trading around $78,600, BTC recently bounced from support at $78,258, but risks remain elevated.
Key Levels to Watch:
- Support: $78,258 and $76,606 (March 11 yearly low)
- Resistance: $85,000 (key psychological level)
- Indicators: RSI at 37 (bearish), MACD shows bearish crossover
A close below $78,258 could accelerate losses toward $76,606, and potentially test the next support near $73,072. However, if bulls defend the current support, a recovery toward $85,000 is possible.
🔻 Ethereum (ETH) Price Forecast: Slides to Levels Last Seen in 2023
Ethereum dropped 13% over the last week, failing to stay above the important $1,861 resistance. ETH is now hovering around $1,575, nearing the October 2023 lows.
Key Levels to Watch:
- Support: $1,449
- Resistance: $1,700
- Indicators: RSI at 27 (oversold), MACD bearish crossover
While RSI indicates ETH may be oversold, continued bearish momentum could push it lower. A bounce from current levels might retest $1,700, but the overall trend remains negative.
🔻 Ripple (XRP) Price Outlook: Bears Targeting New Yearly Lows
Ripple’s price declined by 10% last week, closing below critical support at $1.96 and the 200-day EMA at $1.94. XRP now trades around $1.86, signaling further downside risk.
Key Levels to Watch:
- Support: $1.77 (Feb 3 low, 2025 low)
- Resistance: $1.96
- Indicators: RSI at 33 (bearish)
If bears maintain control, XRP could fall to $1.77, its lowest point this year. Any upward correction would first need to reclaim the $1.96 level to signal bullish intent.
📈 Market Summary:
The overall crypto market remains under bearish pressure. With Bitcoin and Ripple nearing their yearly lows and Ethereum revisiting multi-year lows, traders should remain cautious. Technical indicators suggest room for further downside, though oversold RSI levels may offer short-term bounce opportunities.
Stay updated with real-time analysis and crypto forecasts at www.dailyforex.pk – your trusted source for market news, forex updates, and cryptocurrency insights.