Bitcoin Price Near $102,000 Despite Weekly Losses
Bitcoin (BTC) is trading close to $102,000 on Friday. It has dropped over 7% this week. The overall crypto market is feeling bearish. Ethereum (ETH) is holding key support levels. Ripple (XRP) hit resistance and may move sideways soon.
Bitcoin Support at $100,353 Could Trigger Rebound
Bitcoin hit resistance near its old trendline on Monday. It fell 8.18% the next day and tested $100,353 support. On Wednesday, BTC rose 2.35% after finding support there, but gains faded on Thursday. BTC currently trades around $102,200.
If $100,353 holds, Bitcoin may climb toward $106,435 resistance. The RSI is 36, just above oversold, showing selling pressure may slow. A short-term bounce could follow. But if BTC drops below $100,353, it might fall to $97,460.
Ethereum and XRP Show Signs of Potential Recovery
- Ethereum: ETH dropped 15.73% after rejecting the 100-day EMA at $3,906. It retested $3,171 support and then rebounded slightly to around $3,300. The RSI of 34 suggests less selling pressure. If $3,171 holds, ETH could rise to $3,593. A drop below $3,171 may lead to $3,017 support.
- Ripple (XRP): XRP fell over 12% after rejecting the 50-day EMA at $2.58. It bounced but was turned back at $2.35 resistance. XRP trades near $2.22. A close above $2.35 may open the way to $2.58. If resistance holds, XRP could slide to $1.96 support. XRP’s RSI also points to easing selling pressure.
