Crypto Market Maintains Momentum as BTC Extends Winning Streak
The cryptocurrency market is maintaining its upward momentum at the start of the week. Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) have all seen gains in the previous week, with BTC rising over 1%, ETH increasing by 4%, and XRP remaining steady.
BTC has extended its winning streak to four consecutive weeks, holding above key technical resistance. The price of BTC currently sits at $65,199, with a neutral-to-bullish bias due to being above the 50-day EMA but capped by the 100-day EMA and the 200-day EMA.
Ethereum has strengthened its bullish outlook after closing above its 100-day Exponential Moving Average (EMA), currently trading at $1,945. ETH holds a bullish near-term bias due to being above both the short-term and medium-term EMAs.
Ripple has stabilized around $1.10, but momentum indicators suggest only modest recovery attempts within a broader corrective phase. XRP remains below key EMAs, with initial resistance at the 50-day EMA near $1.13.