Today marks a historic turning point for cryptocurrencies: an openly pro-crypto president moves into the White House. A new era appears to be dawning for Bitcoin, Ethereum, and other altcoins, which could see their institutional adoption accelerate. While Bitcoin consolidates its crucial threshold at $100,000, altcoins, such as Ethereum and Ripple, are attempting strategic rebounds to capture investors' attention.
Bitcoin defends 100K to aim higher
Bitcoin (BTC) started the week on a financial roller coaster. After jumping 10.6% to reach $106,000, the price of BTC fell back to $100,000, a vital threshold. According to CoinGap Marketsthe recent breakout of the descending triangle, coupled with robust Ichimoku support, announces “ an upcoming bullish rally “.
Michaël van de Poppe remains cautious:
“ If Bitcoin stays above 100K, the uptrend will likely continue. »
Technical indicators give encouraging signs :
- RSI at 57, in bullish territory.
- MACD in bullish crossover, confirming positive momentum.
- Immediate support at $100,000 and key resistance at $108,000, new ATH at $109,063 this morning.
But be careful: in case of break below $100,000the next stop could be at $90,000. A heightened volatility remains to be expected for the coming days.
Ripple and Ethereum in search of resilience
While Bitcoin dominates, Ethereum (ETH) and Ripple (XRP) stake their survival on critical supports. Ethereumat $3,125, tests its EMA over 200 days. If this threshold holds, a rise towards $3,730 is possible.
But beware of $3,000, a psychological barrier. THE RSI in weak zone (46) could quickly rebound if the MACD confirms its imminent buy signal.
On the Ripple side, the current XRP price of $3.13 shows signs of energy. With a solid RSI at 65 and a broken symmetrical triangle, this crypto could target $3.63.
However, a dip below $1.96 would put XRP under strain, with $1.40 in its sights.
The key figures illustrate thealtcoin excitement :
- XRP: +30.48% in one week, despite a decline of 10% on Sunday;
- ETH: +4.8% after testing $3,125;
- Bitcoin: 88K to 109K in less than seven days.
Thus, the outlook remains optimistic for cryptos. Ethereum could approach $4,000, driven by growing institutional interest, while Ripple shows sustained momentum. Bitcoin remains the needle of the crypto compass.
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