Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH, XRP struggle as resistance holds firm
Cryptos | 08/06/2025 03:44:22 GMT
Bitcoin slips after failing to break above $116,000 resistance.
Ethereum extends its decline below $3,730.
XRP weakens further, dropping below the $3 mark.
Bitcoin (BTC) dipped below $114,000 on Wednesday after failing to clear resistance at $116,000 earlier in the week. Ethereum (ETH) and Ripple (XRP) mirrored the move, also facing rejection at key levels, signaling potential short-term downside across the board.
Bitcoin faces resistance at $116,000
Bitcoin briefly bounced from its 50-day Exponential Moving Average (EMA) at $113,058 over the weekend, rising toward $116,000. However, it failed to break through and began retreating again. As of Wednesday, BTC trades under $114,000.
If the 50-day EMA at $113,058 fails to hold, and BTC closes below the previous all-time high of $111,980, it could trigger a further drop toward the key psychological level of $110,000