Bitcoin (BTC) Stalls Below $105K

Bitcoin is back under pressure. The rally that pushed BTC to $105,00 last week has lost momentum. Ethereum is holding steady near $2,530, while XRP rolls over again after failing to hold $2.50.

Bitcoin is back under pressure after the rally that pushed BTC to $105,000 last week lost momentum. Ethereum is holding steady, while XRP rolls over again.

Bitcoin stalls below $105K

Bitcoin touched $105K over the weekend as bulls made one last push for the handle. However, they couldn't break through, and the price slipped.

At the time of writing, BTC trades around $101,776. A slip below the $100,000 psychological barrier could open the door for faster selling.

Conversely, a recovery above $103,000 would give bulls some breathing room to attempt another rally.

Bitcoin Chart Analysis - Credit: Ben Armstrong

On the other hand, if $103K gives way, the next support level is at $98,000, which could be pivotal in determining the short-term trend.

Ethereum holds its line

ETH made a strong breakout last week as it pushed to $2,720, the highest level since June 2022.

Since then, it has pulled back, and it is now hovering just above $2,530, a key support level to watch.

Ethereum Chart Analysis - Credit: Ben Armstrong

If the 200-day EMA around $2,436 holds, it could set the stage for another push by ETH towards the $2,700 resistance.

However, if this support gives way, it could open the door for a deeper correction towards $2,300.

XRP slips as bulls retreat

XRP also had its moment in the sun as the break above $2.20 last week sent it soaring to $2.55.

However, the momentum has fizzled out, and XRP is now slipping back towards the crucial support at $2.30. At the time of writing, XRP trades at $2.38.

At this stage, a close below $2.30 would be needed to tilt the structure of the uptrend bearish.

On the other hand, bulls need to see a return of volume and buying pressure to help push XRP back towards the highs of the rally.

The crypto rally is now cooling, and while there is no panic yet, the momentum has shifted.

Bitcoin looks vulnerable if it can't stay above $100K, while ETH has a cushion but it is small at $2.436.

XRP, on the other hand, is hanging by a thread as it tries to stay above $2.30, with traders also keeping a close eye on RSI and volume for signs of the next move.

There is no crypto news, just price. And the price is not looking bullish right now.l