Towards 6455.
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Pivot (invalidation): 6220
Our preference
Long positions above 6220 with targets at 6455 & 6630 in extension.
Alternative scenario
Below 6220 look for further downside with 6060 & 5890 as targets.
Comment
The RSI calls for a new upleg.
Author
Swissquote Bank Research Team
Swissquote Bank Ltd
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Bitcoin, Ethereum, and Ripple are trading sideways within consolidation ranges on Friday, signaling a lack of directional bias in the broader crypto market. BTC rebounded from key support, and ETH is nearing the lower consolidation boundary.
Optimism, Helium, and Arbitrum are leading losses over the last 24 hours, testing crucial support levels. Optimism remains under pressure as Coinbase’s Base chain pulls support from the Layer-2.
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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.