🔻 Bitcoin, Ethereum, XRP Under Pressure — Bears Target $98.5K, $2.000K, and $1.80
A closure below $100,000 will certainly prompt a further decline for bitcoin price.
Ethereum falls over 13% weekly, below $2,461 support.
XRP might fall to $1.80 if it closes below its daily support at $1.96.
As Middle East tensions rose last week, Bitcoin ($BTC ), Ethereum ($ETH ), and Ripple ($XRP ) fell about 5%, 13%, and 7%, respectively. BTC is nearing crucial support around $100,000; a close below will spark additional drop. ETH and XRP fell below major support levels, signaling weakness and correction may push them around $2,000 and $1.77, respectively.
Bitcoin fell 1.13% from its 50-day Exponential Moving Average of $102,942 on Saturday to $98,200 the following day. At press time on Monday, it was about $100,000.
BTC may retest its Sunday low of $98,200 if it closes below $100,000 daily.
#BTC may rebound to its 50-day EMA at $102,942.
#Ethereum will fall when it falls below its 50-day EMA.
Ethereum fell 7.65% over the following two days after breaking below the lower consolidation level of $2,461 and closing below the 50-day EMA at $2,416 on Friday. On Monday, it trades about $2,241.
The downturn might take ETH to its next support level at $2,000.
However, ETH might return to its 50-day EMA around $2,416.
#XRP may drop more if it breaks $1.96 daily support.
XRP fell 10% till Sunday when its 50-day EMA rejected it at $2.21 on June 17. On Monday, it was approaching $1.96, its daily support.
XRP might fall to $1.77 if it breaks and closes below $1.96 daily.
Alternatively, XRP might rebound to its 50-day EMA around $2.21.