Crypto Market Update: Bitcoin Slips Below $102K, Ethereum And XRP Struggle
The post Crypto Market Update: Bitcoin Slips Below $102K, Ethereum And XRP Struggle appeared com. The post Crypto Market Update: Bitcoin Slips Below $102K, Ethereum And XRP Struggle appeared first The bullish energy that drove prices higher earlier this month is fading, and the clock is ticking for a strong recovery. Bitcoin recently faced rejection near $104,000 and slid back toward $102, 000. A close below that level could open the door for another move down toward $98,000. That range has acted as support several times, but repeated retests often make it fragile. Bitcoin Faces “Make or Break” Moment Price action on the daily chart shows a steady pattern of lower highs and lower lows, a sign of a continuing downtrend. Unless Bitcoin pushes back above $104,000-$106,000 soon, the next stop may be below the $100,000 line. The current setup hints at a possible “death cross” a point where short-term moving averages slide under long-term ones. Such formations often pull prices lower before any recovery attempt begins. A brief bounce remains possible if the $98,000 support holds. Reclaiming lost ground above $104,000 would bring fresh hope of a rebound later in the month, but momentum needs to return fast. Ethereum Struggles to Regain Strength Ethereum is showing similar weakness. After a short recovery from around $3,000, the coin is again losing ground below resistance near $3,700. A strong daily close above that level could mark the first step toward recovery, but for now, the market remains cautious. If selling continues, Ethereum may revisit the $2,800 zone, which has acted as a mid-range floor several times this year. The coin remains caught in a tight range with limited buying volume. Altcoins Stay Mixed as Caution Grows Some smaller altcoins are holding steady or showing.