Is the $85,000 Zone Sustainable for Bitcoin?
Bitcoin has been evolving within a confirmed downtrend for several weeks. The leading crypto asset recently encountered a major resistance zone between $92,000 and $94,000, an area where rejections have multiplied. Sellers clearly dominate the short-term market sentiment.
BTC is currently defending a critical support between $85,000 and $86,000. A daily close below this threshold would open the door to a drop toward the $80,000 to $81,000 zone. Liquidation heatmaps show a significant concentration of orders within this range, which could accelerate the bearish movement.
If selling pressure persists, technical analysts identify a major support between $74,000 and $76,000. Some chart patterns even suggest an intermediate target around $77,000 to $78,000 in the short term. Leveraged traders are particularly exposed in this context of extreme volatility.
Trading volumes remain elevated, a sign that capitulation has not yet been reached. The daily RSI is approaching oversold territory without yet providing any clear signal of an imminent reversal.
Ethereum Loses $3,000, How Far Will the Correction Go?
Ethereum is bearing the full brunt of Bitcoin’s weakness. ETH has broken through the psychological and technical support at $3,000, transforming this zone into potential resistance. This bearish breakdown confirms the fragility of the second-largest market cap.
Confirmation via a daily close below $3,000 would activate a technical target toward $2,750 to $2,800. Below that, the next major support lies in the $2,600 to $2,650 zone, a level corresponding to a significant Fibonacci retracement and previous all-time highs.
On lower timeframes, Ethereum’s RSI is entering oversold territory. This signal could trigger a temporary technical bounce, but would not be enough to invalidate the underlying bearish trend. Experienced traders are waiting for stronger confirmations before repositioning long.
XRP: The Weakest of the Trio Tests a Major Support
XRP displays the most fragile technical structure of the three major assets, particularly on weekly charts. The price is currently testing a critical support zone between $1.80 and $2.00, the last line of defense before a deeper correction.
A weekly close below $1.80 would activate a multi-month bearish scenario. The next identified technical supports are located around $1.60, then in the $1.30 to $1.40 range. If selling momentum continues unabated, XRP could even revisit the $0.90 to $1.00 zone in the coming months.
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