Bitcoin News– Page 12 of 17

The crypto market just pulled off a dramatic reversal, with Bitcoin rebounding from $91,252 to $101,549 as of writing in hours. Every time BTC dips to this level, buyers aggressively defend it, making it a strong demand zone. Ethereum and XRP followed suit, bouncing off their respective supports. But is this the start of a new uptrend, or just another temporary relief rally? Bitcoin Price Action: $91K Holds as Bulls Charge Forward Bitcoin has once again demonstrated why $91,252 is a critical level, with bulls stepping in and triggering a strong bounce. This pattern has been seen multiple times, signalling that large players see this area as a prime accumulation zone. The rapid recovery has also forced short liquidations, adding fuel to the rally. Bitcoin Technical Analysis: Bulls Target $109K Next Support Levels: $91,252, $82,688, $73,746 Resistance Levels: $103,500, $109,391 RSI: 51.24, showing neutral momentum MACD: Early signs of a bullish crossover Trend: Long-term bullish, short-term volatile Bitcoin price today Feb 3, 2025 If BTC stays above $100K, the next target is $103K, followed by a potential push to $109K. However, a break below $91K could bring $82K into focus. Ethereum (ETH) Price Action: A Harsh Drop, But Buyers Step In at $2,222 Ethereum wasn’t spared from today’s dip, crashing to $2,222 before rebounding to $2,766. Just like Bitcoin, ETH has consistently seen strong buying pressure around these levels, preventing further declines. The bounce suggests whales and institutions are still accumulating despite market-wide uncertainty. Ethereum Technical Analysis: Can ETH Reclaim $3K? Support Levels: $2,555, $2,315, $2,222 Resistance Levels: $2,815, $3,030, $3,170 RSI: 32.01, indicating oversold conditions MACD: Bearish but showing bottoming signals Trend: Short-term bearish, but long-term structure intact Ethereum price today Feb 3, 2025 Ethereum must break and hold above $2,815 to regain its bullish momentum. Otherwise, a retest of $2,555 is on the table. XRP Price Action: Bulls Defend $2.50, Keeping the Uptrend Alive XRP followed Bitcoin and Ethereum in a steep drop but managed to hold above $2.50, signaling strong demand in this area. The bounce back to $2.69 suggests that despite the volatility, buyers remain in control. XRP Technical Analysis: The Road to $3.40 Support Levels: $2.50, $2.21, $1.94 Resistance Levels: $2.89, $3.40 RSI: 43.82, slightly oversold MACD: Bearish but stabilizing Trend: Uptrend intact, but needs to reclaim $2.90 XRPUSD price today Feb 3, 2025 If XRP can push past $2.89, the next major resistance is at $3.40. On the flip side, losing $2.50 could trigger a deeper correction to $2.21. Conclusion: Bulls Are Holding Strong, But Can They Maintain Control? Bitcoin, Ethereum, and XRP have all shown that strong hands are actively defending key levels, but the real test is whether they can sustain their momentum. If BTC stays above $100K and ETH clears $2,815, another leg higher is likely. Until then, expect high volatility, potential fakeouts, and strong reactions at support levels.

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