Bitcoin Falls Below $100,000 Amid Bearish Pressure
Bitcoin (BTC) dropped below the $100,000 mark on Friday. It corrected by more than 5% this week, slipping from its recent high. BTC faced resistance near $106,453, causing it to fall about 6% by Thursday. As of Friday, Bitcoin trades around $99,300.
If Bitcoin falls below the $97,460 support level, it may drop further toward $95,000. The Relative Strength Index (RSI) is 35, showing strong bearish momentum. The Moving Average Convergence Divergence (MACD) also signals a sell, supporting the downtrend. However, if BTC recovers, it might move back toward the $106,453 resistance level.
Ethereum Faces Pullback After Rejection at Resistance
Ethereum (ETH) declined nearly 10% after hitting resistance near $3,592. Since Monday, ETH dropped and currently trades around $3,200.
If ETH falls below the $3,170 support, it could extend its decline toward $3,017. Like Bitcoin, Ethereum’s RSI and MACD point to increasing bearish momentum. On the upside, a recovery might push ETH back toward $3,592, the key resistance level.
XRP Corrects Below Support Showing Bearish Signs
Ripple’s XRP rose 6.75% on Monday but failed to break the 50-day EMA resistance at $2.53. After rejecting this level again on Thursday, XRP fell 2.74% and closed below the daily support at $2.35. On Friday, XRP trades near $2.30.
If the correction continues, XRP may drop toward the next support at $1.96. The RSI shows bearish momentum, while the MACD indicates mixed trader sentiment. If XRP recovers, it could test the 50-day EMA resistance at $2.53 again.
