Key Moments
- Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) started the week under pressure after falling over 3%, 1.5%, and 3.5% in the prior week.
- BTC is trading above a critical $62,300 support level but remains below its 50-day, 100-day, and 200-day EMAs, maintaining a bearish near-term tone.
- XRP is hovering at $1.00 with weakening momentum, as technical indicators and key moving averages continue to point to downside risks.
Bitcoin: Key Support Holds but Bias Stays Bearish
Bitcoin (BTC) began the week cautiously after declining more than 3% over the previous week. BTC is trading at $63,135 on Monday, holding just above a critical technical area around $62,300.
The near-term outlook remains negative, with price capped below the 50-day Exponential Moving Average (EMA) at $64,306 and trading well under the 100-day EMA at $66,388 and the 200-day EMA at $71,800.
Momentum indicators reflect this downside skew. The Relative Strength Index (RSI) is at 44, parked in a neutral-to-weak zone, while the Moving Average Convergence Divergence (MACD) indicator is in negative territory, indicating that selling pressure is still present even as BTC stabilizes above $63,000.
BTC Technical Levels
| Indicator / Level | Value |
|---|---|
| Current price | $63,135 |
| 50-day EMA | $64,306 |
| 100-day EMA | $66,388 |
| 200-day EMA | $71,800 |
| 23.6% Fibonacci retracement | $62,586 |
| 38.2% Fibonacci retracement | $65,547 |
| 50% Fibonacci retracement | $67,940 |
On the upside, initial resistance is aligned with the 50-day EMA around $64,306. Above that, a more substantial barrier appears near the 38.2% Fibonacci retracement at $65,547 and the 100-day EMA at $66,388, just below a horizontal resistance at $66,500. A daily close above this broader resistance band would be needed to soften the current bearish stance and potentially clear a path toward the 50% Fibonacci retracement at $67,940.
On the downside, nearby support is seen at the 23.6% Fibonacci retracement at $62,586, followed by the horizontal level at $62,300. A break below $62,300 would likely leave BTC vulnerable to deeper losses toward the lower boundary of its wider trading range.






