Further advance.
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Pivot (invalidation): 7370
Our preference
Long positions above 7370 with targets at 7700 & 7900 in extension.
Alternative scenario
Below 7370 look for further downside with 7230 & 7035 as targets.
Comment
The RSI is bullish and calls for further advance.
Author
Swissquote Bank Research Team
Swissquote Bank Ltd
Bitcoin, Ethereum, and Ripple remain under pressure on Wednesday, with the broader trend still sideways. BTC is edging below $68,000, nearing the lower consolidating boundary, while ETH and XRP also declined slightly, approaching their key supports.
Cardano steadies at $0.28 on Wednesday after failing to break through a key resistance zone over the weekend. Mixed signals from the derivatives and on-chain metrics suggest that ADA’s short-term outlook remains uncertain, limiting the scope for a recovery.
Pi Network is trading above $0.1900 at press time on Wednesday, extending the weekly gains by nearly 8% so far. The steady recovery is supported by a short-term pause in mainnet migration, which reduces pressure on the PI token supply for Centralized Exchanges.
Decentralized Finance (DeFi) tokens, including Jito, Morpho, and Convex Finance, rank among the top-performing crypto assets over the last 24 hours. Jito dips on Wednesday after rallying 22% the previous day on the launch of a new mainnet node.
Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.
Bitcoin (BTC) price slips below $67,000 at the time of writing on Friday, remaining under pressure and extending losses of nearly 5% so far this week.