Crypto Cools Down As Weekly Gains Flash Overbought

Key Moments

• Bitcoin, Ethereum, and XRP traded around key technical levels on Monday after weekly gains of 23.58%, 31.31%, and 53.02%, respectively.
• Momentum indicators for BTC, ETH, and XRP remained firmly positive but showed overbought readings, pointing to rising odds of consolidation or a pullback.
• Bitcoin’s $80,000, Ethereum’s $2,500-$3,000, and XRP’s $1.900 levels stood out as key resistance zones that could trigger profit-taking.

Bitcoin: Strong Uptrend Meets Overbought Signals

Bitcoin (BTC) traded near $77,000 on Monday, maintaining a bullish tone but looking extended after a 23.58% jump over the previous week. BTC hovered around $77,150, well above its major Exponential Moving Averages (EMAs), underscoring a firmly supported uptrend.

The 50-day EMA stood at $66,773, the 100-day EMA at $67,408, and the 200-day EMA at $71,834, all positioned clearly below the spot price. This configuration highlighted substantial underlying support, while the horizontal level at $80,000 was identified as the next upside reference in the current accelerated phase.

Momentum indicators suggested that buying pressure remained dominant but increasingly overheated. The Relative Strength Index (RSI) held in overbought territory at 78, and the Moving Average Convergence Divergence (MACD) was “deeply positive,” signaling strong upside momentum alongside a growing risk of a corrective pause.