Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) remain under pressure at the time of writing on Friday after extending the losses nearly 5%, 6%, and 7%, respectively. BTC struggles near $108,000 while ETH and XRP close below their key supports, suggesting the potential for further downside in the near term.

Bitcoin closes below the ascending trendline

Bitcoin price faced rejection from the 50-day Exponential Moving Average (EMA) at $114,822 on Tuesday and declined by nearly 6% until Thursday, closing below the ascending trendline. At the time of writing on Friday, BTC hovers at around $109,000.#MarketPullback #btc