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Bitcoin (BTC) Price Slips Below $94K as Bulls Lose Steam

2025/05/05 23:26

Bitcoin (BTC) Price Slips Below $94K as Bulls Lose Steam

This week started off with Bitcoin (BTC) price slipping below the $94,000 mark. The world’s leading cryptocurrency remains bogged down by repeated rejection at $97,700.

At the same time, Ethereum (ETH) is struggling to break above $1,861. The coin continues to flirt with the ceiling but lacks the strength to pierce it.

On Monday morning, Bitcoin price is slipping below $94,000. The world’s leading cryptocurrency is now testing the lower boundary of the $94,000-$95,000 range.

Bitcoin price is down nearly 3% since Friday’s rejection at $97,700. That level remains a stubborn ceiling. BTC has now dropped back under $94,000 and is trading with a soft tone on Monday.

If bulls can’t reclaim $95K quickly, the next stop could be $91K — and below that, the $90K handle comes into play. For now, $97,700 remains the breakout trigger on the upside, but that door is firmly shut until buyers return.

In other news, Ethereum price is failing at $1,861 again. The same level that capped multiple rallies last week. The coin is currently trading around $1,795, having lost momentum after a mid-week spike.

ETH needs a clear break above $1,861 to retest $2,000, but another failure here could send price back toward $1,700. Below that, $1,449 becomes the bear target.

Finally, Ripple’s XRP is struggling again, now hanging just below its 50-day EMA. The price feels stuck, and there’s no urgency from buyers. Every push higher fades quickly, while the support at $2.15 is slowly being chipped away with.

The RSI is around 47, not over sold, not yet inspiring.

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