Bitcoin Faces Slight Pullback After Record High
Bitcoin (BTC) is trading near $121,000 on Friday. It pulled back slightly after hitting a record high this week. BTC reached $126,199 on Monday but then dropped over 2% by Thursday. It tested the $120,000 support level. If Bitcoin closes below $120,000, it may fall further toward $116,000. The daily Relative Strength Index (RSI) is 58, showing less bullish momentum. However, if $120,000 holds, Bitcoin could rise again toward its record high.
Ethereum Shows Weakness Below $4,488
Ethereum (ETH) rose above $4,488 last week and gained 4.5% in three days. But on Tuesday, ETH fell 5% and closed below $4,488. By Friday, it hovered around $4,370. If the price keeps falling, ETH could drop to $4,232. The daily RSI is below 50, indicating bearish momentum. If ETH breaks above $4,488 and holds, it could move up toward its all-time high of $4,956.
Ripple Drops Below 100-Day EMA
Ripple (XRP) fell 8% after hitting resistance on October 3. It closed below the 100-day Exponential Moving Average (EMA) at $2.85 by Thursday. XRP trades near $2.79 on Friday. If it continues to fall, the next support is at $2.72. The daily RSI is 41, showing growing bearish momentum. The MACD indicator gave a sell signal on Wednesday. If XRP recovers, it could rise toward the key level of $3.
