The recent decline in Bitcoin's price has raised questions about whether this is a short-term decline or a more significant change in the market. Bitcoin is currently trading at around $95,933, down 1.04% from the previous day, and the upward trendline established during its late 2024 rally has been broken. Analysts view this dip as a healthy correction, and Bitcoin is still in a long-term bullish structure. Important support levels to watch are $92,500 and $87,500, while resistance at $100,000 is a major obstacle. Traders are advised to exercise caution due to continued liquidations and increased volatility.
Shiba Inu (SHIB) is currently facing a crucial turning point as it approaches the 200 EMA, which is an important support level. If SHIB loses this level, a quick decline toward $0.00002000 could occur, followed by $0.00001750 as the next support level. If SHIB fails to maintain either level, it may enter bearish territory and lose most of its recent gains. The first resistance level to overcome is $0.00002350 for any chance of recovery.
In contrast to other cryptocurrencies, XRP has demonstrated exceptional performance and resilience, recording a gain of 1.49% while Bitcoin, Ethereum, and other assets face significant drops. XRP is consolidating within a triangle pattern with resistance at $2.50 and strong support at $2.10. Overcoming the $2.50 resistance could push XRP closer to $3.00, while losing the $2.10 support may lead to a retracement to $1.90. XRP's ability to maintain its momentum and overcome resistance will depend on market developments.
- Content Editor ( u.today )
- 2025-01-09
Bitcoin's (BTC) Goodbye to $100,000, Shiba Inu (SHIB) Approaches Last Support, XRP Stronger Than Everyone Else