๐ Bitcoin Holds Near ATH โ ETH & XRP Eye Recovery Moves
Bitcoin hit a record $124,474 before Thursdayโs pullback and now trades near $118,900 on Friday.
Ethereum is holding its $4,488 support, hinting at a possible rebound, while XRP is clinging to the $2.99 level as bulls prepare for another push.
On Thursday, BTC, ETH, and XRP dropped 4%, 4.26%, and 5.96% respectively after the US Producer Price Index (PPI) came in hotter than expected, signaling rising inflation and triggering risk-off sentiment.
Bitcoin (BTC)
ATH: $124,474 (Thursday)
Key Support: $116,000
Bullish Case: Hold above $116K โ retest ATH
Bearish Case: Close below $116K โ drop toward $111,980
Ethereum (ETH)
Annual High: $4,788 (Thursday) โ near the $4,868 record from Nov 2021
Key Support: $4,488
Bullish Case: Hold above support โ challenge $4,868 ATH
Bearish Case: Break below support โ fall toward $3,946
XRP
Recent High: $3.40 (Thursday)
Key Support: $2.99
Bullish Case: Hold above $2.99 โ move toward $3.40 resistance
Bearish Case: Close below $2.99 โ drop to $2.72
