Bitcoin Holds Support as Ethereum Stalls, XRP Weakens

Key Moments

• Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) started the week under pressure after falling over 3%, 1.5%, and 3.5% in the prior week.
• BTC is trading above a critical $62,300 support level but remains below its 50-day, 100-day, and 200-day EMAs, maintaining a bearish near-term tone.
• XRP is hovering at $1.00 with weakening momentum, as technical indicators and key moving averages continue to point to downside risks.

Bitcoin: Key Support Holds but Bias Stays Bearish

Bitcoin (BTC) began the week cautiously after declining more than 3% over the previous week. BTC is trading at $63,135 on Monday, holding just above a critical technical area around $62,300.

The near-term outlook remains negative, with price capped below the 50-day Exponential Moving Average (EMA) at $64,306 and trading well under the 100-day EMA at $66,388 and the 200-day EMA at $71,800.

Momentum indicators reflect this downside skew. The Relative Strength Index (RSI) is at 44, parked in a neutral-to-weak zone, while the Moving Average Convergence Divergence (MACD) indicator is in negative territory, indicating that selling pressure is still present even as BTC stabilizes above $63,000.

BTC Technical Levels

On the upside, initial resistance is aligned with the 50-day EMA around $64,306. Above that, a more substantial barrier appears near the 38.2% Fibonacci retracement at $65,547 and the 100-day EMA at $66,388, just below a horizontal resistance at $66,500. A daily close above this broader resistance band would be needed to soften the current bearish stance and potentially clear a path toward the 50% Fibonacci retracement at $67,940.