Bitcoin at risk of a deep decline towards $100,000:
XRP is challenging the traction trend,
August 4, 2025
After several months of bullish momentum, the price of Bitcoin has come to a major resistance, due to which signs of a bearish trend are showing in the market,
The weekly chart shows that the bulls have failed to establish a sustainable position above the macro trend line connecting the high points of the 2017 and 2021 bull market,
This failed breakout has also seen a decrease in momentum, as is evident in the MACD histogram, which is significantly weaker than in December 2024, the 14-week RSI has also broken its uptrend line and is continuously making lower highs, which further strengthens the bearish trend,
A sharp decrease in momentum has also been seen on a daily basis, the three-line break chart has given three consecutive red bars, which is a clear sign of sellers’ control. There is evidence,
All these indicators together show that prices could fall further and break the nearby support level of $11,965 to reach the $100,000 level,
The price will have to break the $122,056 barrier to end this bearish trend,
On the other hand, XRP is challenging the traction trend but currently the momentum is not strong enough to break out immediately, the 38.2% Fibonacci retracement level is blocking its growth and the 5, 10, 50, 100 and 200 hourly simple moving averages are supporting the bearishness,
If the price closes above $3.00, the focus will shift to the $3.33 level,
The price of Ether fell by almost 10% last week and formed a large bearish candle, which is a bearish signal, 5 And the bearish cross of the 10-day SMA and two consecutive red bars on the three-line break chart also confirm that the market is heading downwards,
Solana price is finding strong support at the 61.8% Fibonacci retracement of the recent decline while the “golden cross” of the 50 and 200-day SMA is near, which could be a positive signal for the long term,
However, the short-term trend is bearish,
Overall, the crypto market, including Bitcoin, could see a deep correction in the near term, with the $100,000 level being key for Bitcoin .
