Bitcoin (BTC): Steady Above $100,000

The cryptocurrency market showed interesting dynamics this week, with Bitcoin Ripple digital assets in the near future.

The cryptocurrency market continues to display interesting dynamics, with Bitcoin aiming to stay above the $100,000 psychological mark and Ripple showing promise.

1. Bitcoin (BTC): Holding Firm Above $100,000

Bitcoin is managing to maintain its position above the psychological $100,000 level, showing some resistance to selling pressure. BTC price briefly touched an intraday peak of $105,747 today before undergoing a mild correction. The Relative Strength Index (RSI) stands at 74, indicating overbought conditions that could trigger a short-term correction.

However, if BTC is able to close the day above $105,000, there is potential to resume the uptrend towards the previous record high of $109,588. But if it faces difficulties and drops below $100,000, the next support levels are at $98,140 and $93,178.

2. Ethereum (ETH): Testing Support at 200-Day EMA

Ethereum is showing positive performance by breaking out of the downtrend line it had been on since January, registering a 44% gain. ETH’s price is currently moving around $2,515, slightly above the 200-day Exponential Moving Average (EMA) at $2,427.

This indicates that buyers are still in control, but if sellers manage to push the price below the 200-day EMA, the next support levels are at $2,431 and $2,330. Ethereum’s RSI stands at 79, signifying strong bullish momentum but also the potential for a short-term correction.

If ETH is able to maintain this level, the next target is $3,000, but if it fails, the next support is at $2,431.

3. Ripple (XRP): Remaining Above 50-Day EMA

XRP has gained 16.69% since breaking the 50-day EMA at $2.20, and is currently being traded around $2.38. This indicates that buying pressure is still relatively strong.

XRP’s RSI stands at 60, indicating steady buying interest. If this momentum continues, XRP could potentially retest the previous high of $2.50, and if it manages to break it, the next target would be $3.00.

However, if demand weakens, the price could return to support at $2.20.