Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are all under bearish pressure, marking their fifth straight week of losses. Bitcoin is trading around $75,530 on Monday, falling below key Exponential Moving Averages (EMAs) with the next major support at $70,000. Ethereum is hovering near $2,155, facing downside risks toward $2,000, while Ripple is trading around $1.11, with bears aiming for the $1.00 mark.
Bitcoin's near-term outlook remains bearish as it struggles below the 200-day EMA at $76,463, followed by the 100-day and 50-day EMAs at $77,635 and $79,327, respectively. The Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) indicate persistent selling pressure. Immediate resistance lies at $76,463, with stronger barriers at $77,635 and $79,327.
Ethereum is trading below its key EMAs, with the 200-day EMA at $2,311 acting as immediate resistance. The RSI near 35 and negative MACD suggest continued downside momentum. The next support level is at $2,000, followed by $1,823. Resistance levels include $2,311, $2,337, and $2,372.
Ripple is trading at $1.119, well below its EMAs clustered between $1.303 and $1.368. The RSI is in oversold territory at 28, while the MACD remains negative, indicating persistent downside pressure. Immediate resistance is at $1.160, with stronger caps at $1.300 and $1.368. The next support level is at $1.000.