Bitcoin Drops Below 100-Day Average as Peers Show Resilience
Bitcoin’s (BTC) technical profile weakened after falling under its 100-day simple moving average (SMA) for the first time since April, a move reinforced by a dip beneath the Ichimoku cloud. BTC hit a low of $109,172, leaving downside targets at $105,390 and $100,928 in play.
The pattern mirrors February’s breakdown, which preceded a deeper slide toward $75,000. Resistance levels are clustered at $111,592, $117,416, and $120,000.
In contrast, ether (ETH) and solana (SOL $192.16) remain above both their 100-day SMAs and Ichimoku clouds, while XRP trades above its SMA but within the cloud — a zone of uncertainty. The relative strength suggests ETH and SOL could outperform should risk appetite return.
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