BTC Faces Potential Decline to $100K as XRP Pushes Back Against Market Correction

Bitcoin Faces Pressure Below Key Resistance; XRP and ETH Remain Weak, Solana Finds Support

Bitcoin’s uptrend is faltering, as multiple technical signals point toward growing downside risk. Analysts warn a deeper correction could be in play unless bulls reclaim critical resistance levels soon.

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Bitcoin: Momentum Falters, $100K Retest Possible

Bitcoin (BTC) appears to have stalled just below its macro trendline — the level connecting the 2017 and 2021 bull market peaks. Despite testing this area multiple times since December 2024, bulls have failed to push through convincingly.

• MACD momentum on the weekly chart has declined sharply from last year’s highs, even though it remains in positive territory.
• 14-week RSI has broken below its March uptrend and is forming lower highs — a classic bearish signal.

On the daily chart, BTC has posted three consecutive red bricks on the three-line break chart, a reliable indicator of short-term trend reversals.

Unless BTC clears $122,056, the path of least resistance remains to the downside. Immediate support lies at $111,965, with a potential drop to $100,000 on the table.

• Key Resistance: $120,000, $122,056, $123,181
• Key Support: $111,965, $112,301 (50-day SMA), $100,000

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XRP: Attempting Breakout, But Trend Still Down

XRP is trying to break its recent corrective trendline, but momentum is lacking. The price has stalled below the 38.2% Fibonacci retracement, which is acting as strong resistance.

Moving averages across the board continue to trend downward:

• 5- and 10-day SMAs on the daily chart confirm short-term weakness.
• 50-, 100-, and 200-hour SMAs are stacked bearishly, pointing to a sustained downtrend.

A close above $3.00 could open the door to a test of $3.33, but until then, bears remain in control.

• Resistance: $3.33, $3.65, $4.00
• Support: $2.72, $2.65, $2.58

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Ether: Bearish Reversal Pattern Takes Shape

Ether (ETH) posted a nearly 10% decline last week, forming a bearish outside week candle, a clear reversal signal that suggests sellers are regaining control.

• A bearish SMA crossover on the daily chart (5- and 10-day) confirms a shift in momentum.
• The three-line break chart shows two straight red bars, reinforcing the bearish setup.

While ETH has bounced slightly, the overall trend has turned negative. Without a reclaim of key resistance, further downside is likely.

• Resistance: $3,941, $4,000, $4,100
• Support: $3,355, $3,000, $2,879

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Solana: Support Holds as Golden Cross Approaches

Solana (SOL) has managed to bounce from the 61.8% Fibonacci retracement of its latest rally — a critical technical support level.

On the horizon is a golden cross between the 50-day and 200-day SMAs. While lagging in nature, the crossover is widely viewed as a confirmation of longer-term bullish strength.

Still, short-term pressure remains, as the 5- and 10-day SMAs continue to point lower. Holding current support will be essential for bulls to maintain control.

• Resistance: $175, $187, $200
• Support: $156, $145, $126

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Bottom Line:
Bitcoin’s rejection at long-term resistance, coupled with bearish technical patterns across major altcoins, suggests a cooling phase is underway. Unless bulls reclaim momentum soon, deeper corrections could unfold — with $100K for BTC emerging as a key level to watch.

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