Bitcoin (BTC) price hovers near $104k after a 24% monthly gain, with RSI suggesting signs of bullish exhaustion.

Bitcoin registered an impressive 24.38% return on its monthly chart, climbing to $103,906 at the time of press.

Bitcoin price displayed a 24.38% monthly return on its chart, heating up to $103,906 by the time of press. However, BTC price has started to cool down.

Relative Strength Index (RSI) on the daily is at 73, just above its overbought threshold. This indicates that buyers are getting exhausted, and we can expect a slight pullback or consolidation.

Bitcoin price must hold the crucial $100k support to avoid a steep fall. If bulls defend this zone successfully, we can eye the psychological $110,000 mark.

If the bears manage to sink Bitcoin price below the $100k, the next critical support is at the 50-day Exponential Moving Average (EMA) at $95k. A decisive close below this level could extend the sell-off toward the 200-day MA at $86k.

If bulls can defend the $100k, we can expect a continuation of the uptrend. The next resistance is at $105k, followed by the round-numbered psychological level at $110,000.

The post Bitcoin price hovers near $104k after a 24% monthly gain, RSI shows signs of bullish exhaustion appeared first on Crypto News World.

Ethereum price is presently at $2,526.90, down 0.26% in the past 24 hours, but still boasting a 58.77% gain over the past month.

Its Relative Strength Index (RSI) has climbed to 79, well above the overbought zone, hinting at possible liquidations.

With ETH price floating close to its 200-day Exponential Moving Average (EMA) at $2,431, this week may serve as a make-or-break moment.

A rebound from this level could push ETH to retest the $2,600 level and eventually head toward the psychological $3,000 barrier.

But if ETH closes below the EMA, the bears may slam the price down to the critical support zone at $2,000.

The post Ethereum tests key support levels as RSI shows signs of overbought liquidations | Crypto News World appeared first on Crypto News World.

XRP price shows a modest bullish pace today with a 3.19% increase in the past hour, bringing its 24-hour gains to 3.19%.

Its monthly gains are heating up with a 19.43% gain and volume has also seen a 12.56% surge since yesterday. The RSI stands at 60, indicating moderate bullish buys.

If XRP manages to sustain its upward momentum, it could retest the $2.50 resistance.

A breakout above that may open the doors for a continuation to $3.00.

However, failure to clear this hurdle might call for a pullback to its $2.20 support level, which aligns with its 50-day Exponential Moving Average (EMA).

The post XRP price inches toward $2.50 resistance with modest bullish pace and increasing volume appeared first on Crypto News World.

The crypto market cap has reached $3.37 trillion, and the sentiment remains cautiously optimistic.

The 24-hour trading volume has risen to $144.01 billion, signaling active participation.

The Fear & Greed Index stands at 73, deep in the greed zone.

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Investors are focused on the trends of the top 3 cryptos.

Bitcoin (BTC) price displayed a 24.38% monthly return on its chart, heating up to $103,906 by the time of press. However, BTC price has started to cool down.

Relative Strength Index (RSI) on the daily is at 73, just above its overbought threshold. This indicates that buyers are getting exhausted, and we can expect a slight pullback or consolidation.

Bitcoin price must hold the crucial $100k support to avoid a steep fall. If bulls defend this zone successfully, we can eye the psychological $110,000 mark.

If the bears manage to sink Bitcoin price below the $100k, the next critical support is at the 50-day Exponential Moving Average (EMA) at $95k. A decisive close below this level could extend the sell-off toward the 200-day MA at $86k.

If bulls can defend the $100k, we can expect a continuation of the uptrend. The next resistance is at $105k, followed by the round-numbered psychological