Crypto Market Struggles: Bitcoin Below $63K, Ethereum Faces Resistance

Bitcoin and other major cryptocurrencies are trading under pressure as traders watch critical support levels. The price of Bitcoin is currently holding near $63,000 but below key moving averages.

Ethereum, on the other hand, is defending its tentative recovery despite facing major resistance.

XRP remains below important resistance, showing signs of slowing bearish momentum.

The technical outlook for these cryptocurrencies shows weakened momentum and broader bearish structures that could cap short-term gains or lead to deeper declines.