Bitcoin traded near $64,869, up 1.54% over the past 24 hours, while Ethereum climbed to $1,921, up 1.21% on the day and XRP held near $1.08. Total crypto market capitalization stood at $2.21 trillion, up 1.35% over the past day.
Bitcoin: Weekly Bullish Divergence Still Intact
Bitcoin continues to hold a significant bullish divergence on the weekly chart, a pattern that has been confirming across multiple weekly candle closes. Analysts say the last comparable setup appeared near the end of the 2022 bear market, making this a longer-term signal that could play out over coming months rather than days.
On the 3-day chart, Bitcoin remains boxed between support near $60,000 and resistance in the $66,000 to $67,000 zone, a range that has held for weeks. The most recent local high formed right at that resistance band before pulling back.
Important resistance levels sit at $64,300-$64,400, then $65,000, and more significantly near $67,000, where a large liquidity pocket also sits. On the downside, support levels to watch are $62,600-$62,700, followed by $62,200 and $61,500. A fresh liquidity cluster has also built up just under $62,000.
Ethereum: Double Bottom Intact
Ethereum’s 3-day chart still shows an active “W” double-bottom pattern bouncing off support in the $1,500-$1,600 zone. However, resistance in the $1,950 area has capped rallies for weeks and remains firmly in play.
The bullish breakout target for this pattern sits at $2,070-$2,080, and the setup remains technically valid as long as ETH doesn’t break back below $1,800. That said, the daily chart is starting to show a bearish RSI divergence, with price posting higher highs while RSI prints lower highs, an early warning sign that upside momentum may be fading.
XRP: Bearish Divergence Invalidation Underway
XRP tells a weaker story. XRP currently trades at $1.08, having crashed dramatically from levels above $3 last year, and touching as low as $1.06 in recent sessions. Buying interest has emerged alongside exchange outflows, a sign some holders are moving coins off exchanges rather than preparing to sell.
The $1.00-$1.05 range is the important zone to watch. A daily close below it could open the door to fresh lows.
Bitcoin Dominance and Altcoin Outlook
Bitcoin dominance remains largely neutral on the 3-day chart, hinting that most major altcoins will continue tracking Bitcoin’s price action closely in the near term rather than diverging meaningfully.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
The CLARITY Act is entering its most critical week yet. U.S. Treasury Secretary Scott Bessent…
The Uniswap (UNI) price climbed nearly 13% over the past week, breaking above a multi-month…
Seoul police have arrested three suspects behind a fake XRP staking platform that defrauded 71…
XRP selling pressure is fading fast as Binance exchange inflows have dropped to an all-time…
The AVAX price may be running out of room, at least from a technical standpoint.…
The Flare Network ecosystem keeps expanding around XRP, even as price action refuses to reward…
