Bitcoin fit drop reach $100K as XRP don land for key resistance
Bitcoin get one kain multi-month rally wey don stop for one big macro trendline wey date back to 2017 and 2021 tops dem. Weekly and daily charts dey show say momentum dey weak and dem don confirm say short-term bearish reversal dey happen. Immediate support for $111,965 fit break, fit open road to test $100,000. Risk for Bitcoin pullback don increase unless price fit recover $122,056. Meanwhile, XRP dey try fight one downtrend line but e dey face resistance around 38.2% Fibonacci retracement for $3.00. E no too likely say e go breakout for long because moving averages still dey bearish. Ethereum don form one bearish outside week candle plus recent SMA cross wey show say e fit go down further below $3,355. Solana price don bounce from 61.8% Fib level and one 50-200-day SMA golden cross dey near wey dey give long-term bullish signal. But short-term SMAs dey trend down, suggest say traders suppose ready for more volatility. Main keywords: Bitcoin pullback, XRP resistance, Ethereum bearish trend, Solana golden cross.
Bearish
Di article dey highlight confirmed bearish signals for Bitcoin, including failed macro breakout, weakening momentum, and short-term reversal wey dey point to deeper pullback go $100K. XRP get limited upside potential as key moving averages dey cap im gains. Ethereum bearish outside week candle and SMA cross dey reinforce downward bias. Although Solana looming golden cross dey offer longer-term bullish outlook, im short-term SMAs still negative. Overall, the convergence of many technical retreats dey show say short-term market sentiment na bearish. Similar historical pullbacks for 2021 and 2022 show say Bitcoin dip serious before e resume broad uptrends. Traders suppose prepare for continued downside pressure plus increased volatility for short term.