Crypto Markets Show Signs of Strength as Bitcoin Extends Winning Streak
Bitcoin (BTC) is continuing its winning streak, having traded above the 50-day EMA at $65,089 on Monday. This marks the fourth consecutive week of gains for BTC. Ethereum (ETH), on the other hand, has closed above the 100-day EMA at $1,934, signaling a bullish move ahead. XRP has steadied at $1.10 with mild bullish signs.
BTC is currently holding above key technical resistance and could extend its gains as it closes above the 50-day EMA. However, it remains capped by the 100-day EMA at $67,787 and the distant 200-day EMA near $73,848.
Ethereum has strengthened its bullish outlook after closing above its 100-day EMA, with a moderate upside momentum indicated by the Relative Strength Index (RSI) around 62. The MACD indicator remains in positive territory, reinforcing the constructive tone as long as ETH stays above its reclaimed short- and medium-term EMAs.
XRP is maintaining a bearish near-term bias as price holds below the 50-day, 100-day, and 200-day EMAs clustered overhead from roughly $1.14 to $1.43.